Inheritance

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tanyacowan
tanyacowan Member Newcomer
edited January 15 in Income

I inherited cash amount from my aunt's passing, she lived in California. Will I have to pay taxes on that amount?

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  • AlexO
    AlexO FreeTaxUSA Agent
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    Hello, tanyacowan!

    That's a great question!

    Inheritances of nontaxable. You will not need to pay income tax on the cash inheritance.