QUESTION
Dad left cash inheritance to me of $20,000
Asked on Jul 29th, 2018 on General Practice - Georgia
1 ANSWER
Inheritances are not subject to federal income tax, nor is yours nearly large enough to be subject to federal estate tax. You may have to file an estate tex return, but will not owe any money. I don't know about Georgia state taxes.
Answered on Jul 30th, 2018 at 11:11 AM