Do you have to pay tax on an inheritance received?

Margaret Taylor | Aug 20, 2020 | Category: Tax preparation service

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Jay Goguen | Aug 20, 2020

the IRS does not consider an inheritance a taxable item. However if it's an inheritance where you will make money such as renting an apartment then yes you will have to pay some sort of tax on the money that you make from The Inheritance otherwise the answer to your question is no

Erin Hodgkins | Aug 20, 2020

I am not sure but I have heard yes

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