Welcome New User! ( Create Account | Sign In )

How WebAnswers Works|Become an Expert|FAQs|Advanced Search

Maximize

You are here: Home Categories Finance & Investing Annuity

Previous | Next

Question

Submitted 317 days ago...

sandee

New User (1)

Annuity

My Dad passed away and my Mom received $34,000 from an annuity in his name. Must she pay taxes on that

Share | Abuse

Answers

Answer 1 / 1

Submitted 317 days ago...

Jodi-Mesa

Brain (2,795)

When property, money, etc passes to a spouse, they don't usually have to pay taxes on anything including real estate or annuities.

Share | Link | Abuse

Answer This Question Now

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Learn more about how WebAnswers.com works

Related Questions

Donating to a worthy cause...

I just received a large inheritance, and I want to give a large amount to a worthy chariety - but nothing that tests on animals... Any ideas?

Awarded to: andrew

| Category: Finance & Investing | 2 Replies

Does buying a house effect your w-4?

I am purchasing a house and I was wondering if I will need to change anything on my w-4 to adjust my taxes.

Awarded to: guido

| Category: Finance & Investing | 1 Reply

How long do I have after I withdrawl from an IRA with no penalties?

I want to roll over my IRAs, after I withdrawl, how long do I have before I have to pay penalties and taxes?

Awarded to: guido

| Category: Finance & Investing | 1 Reply

Related Questions

Donating to a worthy cause.

I just received a large inheritance, and i want to give a large amount to a worthy chariety...

View Question

Does buying a house effect your w-4?

I am purchasing a house and i was wondering if i will need to change anything on my w-4 to...

View Question

How long do i have after i withdrawl from an ira with no penalties?

I want to roll over my iras, after i withdrawl, how long do i have before i have to pay penalties...

View Question

Where do i file my taxes?

I go to school at georgia tech, but until last summer i lived in colorado. where will i file...

View Question

The irs has taken my tax return!

I filed my taxes last february and last week i realized that i have not gotten my tax return...

View Question

When do you know it's time to see a tax consultant?

How many people use a tax consultant? last year my taxes were really easy, but adding a wife,...

View Question

Taxing everything - barry bonds ball?

Someone told me that the irs is taxing the guy that caught the barry bonds ball based on it's...

View Question

Rental income tax return effect

I have a current mortgage on my townhome in massachusetts and i am thinking of renting the...

View Question

Can i declare 18 year old daughter as a dependent?

My daughter turned 18 this past march, lives at home, was working on finishing high school...

View Question

Ira investments

Any advantage to dividend-producing, tax-free investment in an ira (munis), that is already...

View Question