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My friend wants to take over ownership of the house she now resides in from her grandmother who inherited the property from her mother. My friend has paid the inheritance tax in full and now wants to start the process of quit claim deed, should she wait to hear from harrisburg or can the process be started? Lives in philadelphia, pa.
Asked by Goonie on 11/1/2007 1:46:45 AM | See Answers
My uncle let me some money that was in a cd. It was POD (pay on death) will I have to pay inheritance tax on POD inheritance?
Asked by tomwilla on 6/13/2008 2:31:04 AM | See Answers
My wife was born in and is resident in the UK, but she is also a US citizen. She does not and has never paid any US tax. She has paid UK tax for the last 30 years. Her father died recently and his estate is being split between 3 siblings. What does she have to do regarding her inheritance, as she can't pay US tax? Does she therefore have to pay UK inheritance tax? Is there a limit on the amount she has to pay on an overseas estate?
Asked by Tom on 5/5/2008 6:05:01 AM | See Answers
After my dad dies, I have sold my dad's 14 rental houses and distributed the money to my siblings (and myself). Do I need to pay pay inheritance tax on what I've received from those houses? Its about $75K in hand.
I understand I DO need to pay taxes on rental incomes.
Thanks!
Whats capital gains taxes??
We live in Texas.
Asked by Magnix2k on 8/31/2007 3:06:57 AM | See Answers
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