I just recieved an inheritance check. Is this taxable in California?
0316776
3 Replies
Critter
Level 15
Jun 4, 2019 12:30:49 PM
Is there inheritance tax in California?
If someone dies in California with less than the exemption amount, their estate doesn't owe any federal estate tax, and there is no California inheritance tax. The heirs and beneficiaries inherit the property free of tax. They don't pay income tax on it, either, because inherited property is not ordinary income.