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Old 06-27-2005, 02:23 PM
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Join Date: Jun 2005
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Receiving a cash gifts

What is the name of your state?I reside in Mississippi and I may be receiving a cash payout from an estate. As the receipient, am I responsible for any taxes or do I have to report that as income this year?
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  #2  
Old 06-27-2005, 02:30 PM
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Join Date: Jun 2005
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Taxes, should there be any, should be paid from the Estate before the cash disbursement.

You said CASH so I will not go into the times where you would have a personal tax liability on an inheritance.
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