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Super Contributor
Angry Bird
Posts: 341
Registered: ‎03-10-2010

INHERITANCE TAX QUESTION

‎03-19-2013 02:59 PM

My MIL passed away last year. She left us some $$ and CD's worth under $100K. Do we have to claim this on next year's federal taxes as income and pay taxes on it?

I am asking because we are getting different information for a couple of sources.

Thank you in advance for your replies.

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