will i owe any more?
2007-02-01 05:45:00 · 4 answers · asked by toolate 3 in Business & Finance ➔ Taxes ➔ United States
No. The state took their share out of the estate, not from you directly. The money that you did receive is free of tax to you.
2007-02-01 05:52:37 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 1⤋
suggest you consult a CPA to do your taxes this year. I was lucky, my parents set up their will so the taxes on my inheritance were already paid, I didn't have to pay a dime on that money.
2007-02-01 13:53:29 · answer #2 · answered by essentiallysolo 7 · 0⤊ 0⤋
It all depends on what bracket you fall into when you file. you might get some of those tax dollars back or you may owe a little bit more.
2007-02-01 13:48:14 · answer #3 · answered by Scott K 2 · 0⤊ 1⤋
It sounds as if they already got their fair share and then some.
2007-02-01 13:48:13 · answer #4 · answered by Sparkles 7 · 0⤊ 0⤋