- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.
I do Laser Engraving as a business. I am a retired carpenter but sometimes I do small handyman type jobs. I do get a pension from my years as a carpenter. I also get Social Security.
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.
There is no tax on inheritances.
There is also no tax on gifts received.
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.
There is no tax on inheritances.
There is also no tax on gifts received.