if i received money from my dads death do to a misotheloma cancer from The miletary do I have to pay taxes?
- DEBSLv 76 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'.
- Anonymous6 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.
- Max HooplaLv 76 months ago
It depends. You should consult a local tax professional.
- 6 months ago
No it's not taxed