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After you actually receive the funds, there are no taxes to pay on it. Inheritance tax is paid by the estate, so you will receive the net from the estate, not a pre-tax amount.

There are several factors taht can influence the amount of tax paid on inheritance. Depending on the amount and circustances the tax can be between 4.5-15%.

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Q: How much is the inheritance tax in CA for an inheritance of $10 000?
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