topic Re: Inheritance in Get your taxes done using TurboTax

Inheritance

robbrewer12 — Tue, 24 Feb 2026 06:39:52 GMT

Forgot to ask. Do I report it on my state? I’m in California. It’s a cash inheritance

Re: Inheritance

Cindy4 — Wed, 28 Jun 2023 21:29:17 GMT

In California, there is no state-level estate or inheritance tax. If you are a California resident, you do not need to worry about paying an inheritance tax on the money you inherit from a deceased individual. If the inheritance produces income, there may be a tax obligation. Here is a good reference:

https://www.ftb.ca.gov/file/personal/income-types/gifts-and-inheritance.html

Hope this helps!

Cindy

Re: Inheritance

JohnJ4 — Wed, 28 Jun 2023 21:32:38 GMT

California Has no state Level inheritance tax but if the inheritance is invested and produces income this would be taxable for state and federal tax in the year the income is receivec.