NJ inheritance tax

[MayaD]

New Jersey Inheritance Tax is based on who specifically will receive or has received a decedent’s assets, and how much each beneficiary is entitled to receive. NJ Treasury

TurboTax doesn't support the form. The executor, administrator, or heir-at-law of the estate must file an Inheritance Tax return (if required) within eight (8) months of the date of the decedent's death. If tax is due, the tax also must be paid on the transfer of taxable real or personal property within eight (8) months of the date of the decedent’s death.

For more information please check NJ Division of Taxation 

[Finkles4]

So we were a class D, which means we would have to pay but I’ve read that somethings the executor pays the tax prior to you receiving the check. How do you know if that was done? Should I receive a 1099? And how long do I wait to see if I get one?

[LenaH]

Class D beneficiaries are taxed at 15% on bequests up to $700,000, with a rate of 16% for amounts above $700,000. The executor, administrator, or heir at law is the one to file the New Jersey Estate tax return. The Form IT-R computes the tax on each class and the payment of tax must be made with the form. The guidance of who actually pays for the taxes would probably be written in the will. 

You could certainly ask for a copy of the IT-R. Once the estate tax is filed and paid, you would not get an 1099 to include on your return since the tax for it was already paid. 

@Finkles4

[Finkles4]

Thank you 

[fanfare]

It is up to the executor to file the tax but you the heir will pay it, either sooner or later.

The executor may ask you for the money if it is in an IRA and you are the beneficiary.

If the executor cannot get the funds from the estate and do his duty, and NJ knows who you are, (they will when you are identified on the Inheritance tax return) eventually the State of NJ will come after you.

Talk to the executor to find out how it is being handled.