Inheritance
How much cash can one inherit before it is considered for income tax? Cash is from property sale. Taxes on the property sale paid.
Terry Says
There is no “inheritance tax.” You can inherit an unlimited amount of money, tax-free. There is a Federal “estate tax” on the estate of the decedent — but only on amounts over $11.2 million! the estate would pay that tax if it applies, not the recipient.
