if i received money from my dads death do to a misotheloma cancer from The miletary do I have to pay taxes?

4 Answers

Relevance
  • DEBS
    Lv 7
    4 months ago

    A lot of "questionable" answers..... It is possible that you will have to pay taxes. As always, there are a lot of 'that depends'.

    https://money.howstuffworks.com/personal-finance/p...

  • Anonymous
    4 months ago

    If it's from a life insurance policy, no for the US. If it's from his estate, there is no Federal tax in the US, there may be a state inheritance tax. If you are not in the US or it's from another source, you'll need to provide details.

  • 4 months ago

    It depends. You should consult a local tax professional.

  • 4 months ago

    No it's not taxed

Still have questions? Get your answers by asking now.