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Do I have to claim the advance of inheritance, that my father gave me, on my taxes?
Wiki User
∙ 14y ago
It depends on how the money was transfered to you (as what?), how your father has his investments structured and how your taxes are filed. The best bet is to speak to an accountant or professional tax preparer for accurate advice.
Wiki User
∙ 14y ago
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Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
Can you claim rent on taxes as a student?
No. But your father and mother get taxes for having to take care of you so there is an advantage.
Why do we have to an inheritance tax when the previous owners paid taxes on them when they purchased them?
Inheritance taxes and property taxes are entirely separate issues. Regardless of whether or not we agree with taxes you still have to abide by them. I personally don't agree with the scope of inheritance taxes, however the government considers an inheritance taxable income.
Do you pay taxes on a trust inheritance?
Depending on where someone lives depends on the need to pay taxes on any inheritance they get from a living trust. The beneficiary of an estate from inheritance will need to pay taxes to take possession of assets.
Can you claim street clothes on your taxes?
can you claim street clothes on you taxes
Do you have to claim inheritance money on taxes?
Inheritances are not taxed by the federal income tax.
Do you have to claim inheritance money on federal taxes?
Inheritances are not taxed by the federal income tax.
If you paid the father of your children child care can you claim it on your taxes?
No
Can you claim rent on taxes as a student?
No. But your father and mother get taxes for having to take care of you so there is an advantage.
Why do we have to an inheritance tax when the previous owners paid taxes on them when they purchased them?
Inheritance taxes and property taxes are entirely separate issues. Regardless of whether or not we agree with taxes you still have to abide by them. I personally don't agree with the scope of inheritance taxes, however the government considers an inheritance taxable income.
Do you pay taxes on a trust inheritance?
Depending on where someone lives depends on the need to pay taxes on any inheritance they get from a living trust. The beneficiary of an estate from inheritance will need to pay taxes to take possession of assets.
Do you have to pay income taxes on inheritance?
no
Inheritance taxes and excise taxes on luxury goods are example of what type of taxes?
Progressive
Does Croatia have taxes?
Yes, of course. But there are no taxes on inheritance and real-estate.
Can you claim street clothes on your taxes?
can you claim street clothes on you taxes
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
Would the father in a commonlaw relationship claim the child on taxes?
As long as you can prove paternity (if needed) and you provide for the child, you can.
