BM the main guard on Shawshank Redemption (The Dan Man) - CougarBoard.com

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Aug 10, 2012 - 4:23pm

The Dan Man

BM the main guard on Shawshank Redemption

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Messages

Author

Date

Tax question: What tax implications if you inherit money?

AZcougLawyer

Aug 10, 04:16pm

Estate tax is all over the place in recent years

SausageKingOfChicago

Aug 10, 04:18pm

Link

Aug 10, 04:18pm

It's pretty cool that this post is the #1 search result. (nm)

2RUEBLUE

Aug 10, 04:50pm

The power of CB (nm)

Aug 10, 06:09pm

Is it cash? Or can they trace it? (short)

SuperTank

Aug 10, 04:20pm

It's considered a long term investment and taxed accordingly (nm)

SoValleyCOUG

Aug 10, 04:20pm

inherited money is not taxable for the most part

jonnnylingo

Aug 10, 04:21pm

don't you have to recognize it as "income?" (nm)

ds7

Aug 10, 04:24pm

That's what my google searches seemed to show. (nm)

AZcougLawyer

Aug 10, 04:26pm

some states have an inheritance tax...

ds7

Aug 10, 04:28pm

BM the main guard on Shawshank Redemption (nm)

Aug 10, 04:23pm

To you, nothing. (nm)

Aug 10, 04:25pm

Unless its over 500k, don't worry about paying taxes on it (nm)

STLcoug

Aug 10, 04:25pm

hmmm...if it's not "increase" does this mean it's exempt

ds7

Aug 10, 04:30pm

This^^^

KingDave

Aug 10, 06:26pm

An Arrested Development quote comes to mind

Aug 10, 04:26pm

Time's up

Aug 10, 04:38pm

zero tax to you

lukeskywalker

Aug 10, 04:30pm

^^^THIS IS CORRECT^^^ (nm)

buhlcougar

Aug 10, 04:32pm

When you inherit property

elcareeb

Aug 10, 04:33pm

At least that's how I understand it.

elcareeb

Aug 10, 04:35pm

I went through this...

nuts

Aug 10, 05:23pm

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