https://ttlc.intuit.com/community/state-taxes/discussion/i-m-receiving-money-from-mississippi-from-the-sale-of-land-from-my-grandfather-do-i-have-to-pay/01/465075#M20627 <P>Do I have to pay inheritance taxes on in MD?</P> Tue, 04 Jun 2019 23:44:38 GMT trystfaruki 2019-06-04T23:44:38Z https://ttlc.intuit.com/community/state-taxes/discussion/i-m-receiving-money-from-mississippi-from-the-sale-of-land-from-my-grandfather-do-i-have-to-pay/01/465075#M20627 <P>Do I have to pay inheritance taxes on in MD?</P> Tue, 04 Jun 2019 23:44:38 GMT https://ttlc.intuit.com/community/state-taxes/discussion/i-m-receiving-money-from-mississippi-from-the-sale-of-land-from-my-grandfather-do-i-have-to-pay/01/465075#M20627 trystfaruki 2019-06-04T23:44:38Z https://ttlc.intuit.com/community/state-taxes/discussion/inheritance-tax-is-something-completely-different-from-in/01/465081#M20628 <P>Inheritance tax is something completely different from income tax returns.&nbsp; MD may have an inheritance tax or MS may have one but in neither case would that affect your income tax returns.&nbsp; You would have to check the stat web sites for each&nbsp; state to see if there is any kind of inheritance tax forms that need to be filed.&nbsp;</P><P>MD returns start with the Federal Adjusted Gross Income. Federal AGI will include any gain or loss on sale of this inherited property.&nbsp; Since the cost basis of any inherited property on the Federal return will be the Fair Market value at the time of inheritance, it's unlikely you'll have either a large gain or loss, but since you received any profit while a MD resident, MD will tax that profit, or allow that loss.&nbsp;<BR /></P> Tue, 04 Jun 2019 23:44:39 GMT https://ttlc.intuit.com/community/state-taxes/discussion/inheritance-tax-is-something-completely-different-from-in/01/465081#M20628 Anita01 2019-06-04T23:44:39Z