Tag: 'inheritance'
-
From TurboTax
Do I need to report a cash inheritance?
-
From the community
inheritance tax
My wife inherited almost $200000.00 and I need to know if the IRS will tax that amount.
-
From the community
Is there a tax consequence for buying/selling activity and trading securities I inherited within an inherited IRA?
I have an IRA that was inherited from a non-spouse. This IRA was set up as a non-fiduciary relationship...
-
From the community
If my daughter receives an inheritance from her grandfather from his pension, before he passes what taxes will have to be paid
my daughters grandfather, my father wants to give my 6 year old her inheritance from his pension before he...
-
From the community
I inherited a home with a loan on it by way of a life estate clause. I plan to sell it. Would it be better tax-wise to pay off the loan, or keep it?
I would like to pay off the loan, because it is a strain on monthly expenses. However, I am afraid that,...
-
From the community
Son & I co-owner townhouse worth $1.2m. My married son is looking for house w wife. How best avoid gift tax, if I would help w $1.3million cash: advance inheritance?
$1.3m advance inheritance is still a taxable gift? Should I have another co ownership with him and his...
-
From the community
My mother paid off her home. She wants to add me to title as owner. If she dies, does my brother have any claim to her portion as inheritance?
The house would then just be in my name and hers. Would the house become 100% mine upon her death? Or would...
-
From the community
How do I report the sale of a condo held as a life estate by deceased parent?
"Our mother set up a 'Life Estate' in 1993 where she retained all rights and obligations relating to the...
-
From the community
Is Inheritance money taxable?
Is inheritance money taxable? If it is how does this work into my tax return?
-
From the community
Sale of inherited business, what taxes should be paid and by who, estate or individual?
We recently had a relative who passed away and we inherited a portion of their business. The business was...