Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $17,324
21%  
Woo hoo!! And we're now over 21%!! Thank you all very much!! God bless.

Keyword: fretting

Brevity: Headers | « Text »
  • Tax question - Smart Freepers help wanted

    02/25/2015 7:08:55 PM PST · by SolidRedState · 20 replies
    ME | 2/25/15 | SolidRedState
    Received a mostly property inheritance. Had to sell off some to pay the inheritance tax. Inheritance is not taxable as income. Inheritance tax is not deductible as an expense. There were no capital gains on the sale. Does the sale count as income? Tax appointment in 3 weeks and it is just bothering me. I cannot stand the suspense. I think it would not count since it was part of the inheritance and the inheritance tax was paid.