turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DavidD66
Expert Alumni

Inheriting money and property from Florida when I am a PA resident

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question