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Inheritance NJ

I inherited money from a brokerage account and I am a Class C relative. How do I report that on my nj tax return

 

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1 Reply
M-MTax
Level 15

Inheritance NJ

See https://www.nj.gov/treasury/taxation/inheritance-estate/inheritance-taxfilerequirements.shtml

 

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.

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