Inheriting money and property from Florida when I am a PA resident
my aunt passed away who was a Florida resident. I am a Pennsylvania resident my cousins and I inherited a house money in a checking account and money in an investment account. They live in different states so this question is just for me as a Pennsylvania resident will. I have to pay inheritance tax on any of that stuff? She made us beneficiaries on the investment and the bank account and somehow she had our names, transfera upon death because we didn’t do anything, and all three of our names are on her deed to that house so it belongs to us now we are going to sell it
012069
1 Replies
DavidD66
Expert Alumni
Mar 26, 2025 8:47:56 PM
There is no federal tax on money, property, etc. that is inherited. Although Pennsylvania has an inheritance tax, since your aunt was not a Pennsylvania resident and the real estate you inherited is not in PA, none of what you inherited is taxable.