Do I have to pay Wisconsin state income tax on an inherited IRA that I cashed in since I live in Texas, and my mother, who I inherited it from lived in Wisconsin?
She died in late 2017, but I did not receive the money until Jan. 2108. I know that I have to pay Federal Income Tax on the money.
Do I have to pay Wisconsin state income tax on an inherited IRA that I cashed in since I live in Texas, and my mother, who I inherited it from lived in Wisconsin?
No it is not taxable by WI.
If it was taxable by the State, it would be the state you live in, and with no state income tax with Texas you will only pay Federal taxes on this.
Do I have to pay Wisconsin state income tax on an inherited IRA that I cashed in since I live in Texas, and my mother, who I inherited it from lived in Wisconsin?
No it is not taxable by WI.
If it was taxable by the State, it would be the state you live in, and with no state income tax with Texas you will only pay Federal taxes on this.
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