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Level 2
December 6, 2019
Solved

As a beneficiary of a estate what is my tax obligation?

  • December 6, 2019
  • 1 reply
  • 18 views

The inheritance tax was paid when the estate was set up.  It consists of residential and rental property.  The only income is rental.

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Best answer by IRonMaN

Depends on how the estate is handling the rental income since that sounds like the only potential tax liability that could possibly fall into your lap.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 6, 2019

Depends on how the estate is handling the rental income since that sounds like the only potential tax liability that could possibly fall into your lap.

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