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Has anyone dealt with this recently? I'm a beneficiary on an account and I need to know how the taxes work. I know I have to claim it on my taxes but I am not sure how much I will be taxed for the inheritance.
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No estate taxes in Texas...yet. -
I figured that out.Originally posted by Vertnut View Post
But I still want to know how much its taxed when I file my taxes next year.Comment
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There is but I think the estate has to be over 5 million dollars.Originally posted by Vertnut View PostComment
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Even though you'll report it, none of the inheritance will be taxed as long as its under 5 million."You wouldn't know what crazy was if Charles Manson was eating Fruit Loops on your front porch"Comment
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$5.12 million or so. I figured if it was that much, he damn sure wouldn't be on this site asking about it. A probate attorney would be in order.Originally posted by BradM View PostComment
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Keeping the poor poor.
Why the fuck must individuals pay tax on inheritance? Using the same logic of capital gains, this is already "taxed" money.Full time ninja editor.Comment
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Shit, 5.12 mill is chump change. I just didn't want to pay an attorney for this measley amount of money.Originally posted by Vertnut View PostComment
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would you describe this as
[ ] choo$$$choo
[ ] CHOO$$$$$$$$$$$$$$$CHOOOOOOOOOOOOOOOOOOOOOOOOO
god bless.It is easier to build strong children than to repair broken men -Frederick DouglassComment
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i just transferred title of 3 properties yesterday without a will, just in time for taxes lolpinto gt with wood trimComment
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What'd you get? $42, half a snickers bar and some compression socks?Originally posted by mstng86 View PostComment
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And to think you just voted for the guy that's going to take your shit.Originally posted by mstng86 View PostComment
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Wow, $5.12mil? That's a relief. It used to be $600k. Here I was sweating it about my inheritance of $5.11mil.Comment
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