Only inheritances above a certain value, which is 11.4 million dollars for 2019 taxes.
I inherited about 90k from my dad when he died last year (my share after I split the estate with my brother), and I paid no taxes on it at all. Most of that came from selling his house, which falls under capital gains for the estate, which also has an exemption of 250k for single, 500k for joint.
Only inheritances above a certain value, which is 11.4 million dollars for 2019 taxes.
I inherited about 90k from my dad when he died last year (my share after I split the estate with my brother), and I paid no taxes on it at all. Most of that came from selling his house, which falls under capital gains for the estate, which also has an exemption of 250k for single, 500k for joint.