Posted on: 29th May, 2009 10:40 am
A brother has checking and savings account. Brother gets sick and puts
sister on bank account. The brother dies, does sister have to pay inheritance tax on 1/2 of the money in the accounts?
sister on bank account. The brother dies, does sister have to pay inheritance tax on 1/2 of the money in the accounts?
Yes, when you file you taxes next time.
Thats a income for sister and needs to be reported to IRS.
When it is green, you pay tax on it.
Thats a income for sister and needs to be reported to IRS.
When it is green, you pay tax on it.