What is the minimum or maximum amount of a monetary inheritance before taxes are applicable? And is it required that it be filed regardless of amount?

alberto_5901 · ‎June 5, 2019

PaulaM · ‎June 5, 2019

Inheritance in general, are not taxable to you. If you inherited real estate or other income producing assets, then you would pay taxes on those amounts.

Some states do impose an inheritance tax. See the link below.

https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-are-Inheritance-Taxes-/INF14800.html

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View solution in original post

PaulaM · ‎June 5, 2019

Inheritance in general, are not taxable to you. If you inherited real estate or other income producing assets, then you would pay taxes on those amounts.

Some states do impose an inheritance tax. See the link below.

https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/What-are-Inheritance-Taxes-/INF14800.html

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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What is the minimum or maximum amount of a monetary inheritance before taxes are applicable? And is it required that it be filed regardless of amount?