11-26-2007, 08:39 PM
|
#1 (permalink) |
|
Senior Member
 Join Date: Mar 2006
Location: Greenwood, IN
Posts: 1,870
Classifieds: (0)
Activity: 0%
Longevity: 61%
 
 |
tax question
Okay, so DH mom passed away earlier in the year. We recieved her life insurance as well as her pension. Does anyone know if we will pay taxes on both of these, or just one, and if so what percent?? Im trying to find info, but cant. Didnt know if anyone on here has dealt with this and knows first hand. Thanks
__________________
Miranda
DD- Arianna (10/10/03) DH- Arthur....FMF Corpsman http://www.myspace.com/miranda519 <~ Wedding Pics are up!!!  |
|
|
|
11-26-2007, 10:03 PM
|
#2 (permalink) |
|
Senior Member
Join Date: May 2006
Location: Jacksonville Florida
Posts: 5,210
Classifieds: (0)
Activity: 1%
Longevity: 59%
|
I don't think you have to pay taxes on an inheritance unless it is over a certain amount (like 500,000 bucks). I could be wrong though. When my Grammy died 10 years ago, she left her house to us. We sold it and didn't have to pay taxes because it was under a certain amount.
If I were you, I'd call a tax atty or accountant, they might give you the info for free, or look it up on the IRS website.
__________________
  |
|
|
|
 |
| Bookmarks |
«
Previous Thread
|
Next Thread
»
| Thread Tools | |
|
|
All times are GMT -5. The time now is 02:36 AM.