Legal Question in Wills and Trusts in New York
If I received $19683 as a ITF. Do I need to pay taxs on it?
Asked on 1/11/12, 3:51 pm
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
Probably not. Inheritances are generally free of income tax.
Answered on 1/12/12, 4:37 am