0
What else can I help you with?
Do I have to pay estate taxes on inheritance property?
Yes, you will have to pay estate taxes on inherited property. In the United States an estate taxes is always imposed on the transfer of the "taxable estate" of a deceased person. Have already paid state taxes for CA. in FEB. Are there going to be more? I've paid taxes, is there aditional taxes included.
If you inherit a house do you pay income taxes on it?
No, you pay inheritance tax and, ultimately, property tax as the owner.
Does the estate pay taxes?
Estates pay taxes on income and may have to pay inheritance taxes.
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
Do you have to pay capital gains taxes on an inherited property that was sold and inheritance taxes were already paid on the estate?
On the amount the property went up in value from the value used in calculating the estate tax
What are the advantages and disadvantages of inheritance tax?
An advantage of the inheritance tax is that it raises money for the government. A disadvantage is that people that inherit property may not have the means to pay the taxes on the items.
Can the government just take a property from you if you have been willed the property it and it can not be sold?
Because of taxes, yes....unless you have money to pay the taxes on it (one of them is the inheritance tax)That's in the United States, not sure about other places
Do you have to pay taxes if you sell a house and property you inherited in Oklahoma?
Actually inheritance (if any) taxes were handled when you received the property. That point in time establishes your basis in owning the property. What you sell it for above that value essentially decides what your taxable gain will be.
Can you pay property taxes with a credit card?
Yes, you can pay your property taxes with a credit card.
What do you pay if you have an inheritance that arrive from a different country?
I will get money from inheritance already taxed in Germany. Do I have to pay taxes in California too ?
Do California condo owners pay property taxes?
Yes. Just as you would pay property taxes on any property that you own.
