V
Valor
Guest
We live in Michigan. I have a question about inheritance tax.
I received $5,000 from my Uncle when he passed away.
(I received it in March).
How much (if any) tax will I have to pay on this amount.
Some people have told me as high as 45%...others say
its a small amount and probably not subject to tax.
Can you tell me what the law says. Thanks.
I received $5,000 from my Uncle when he passed away.
(I received it in March).
How much (if any) tax will I have to pay on this amount.
Some people have told me as high as 45%...others say
its a small amount and probably not subject to tax.
Can you tell me what the law says. Thanks.