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if i received money from my dads death do to a misotheloma cancer from The miletary do I have to pay taxes?
4 Answers
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- D.E.B.S.Lv 72 years ago
A lot of "questionable" answers..... It is possible that you will have to pay taxes. As always, there are a lot of 'that depends'.
- Anonymous2 years ago
If it's from a life insurance policy, no for the US. If it's from his estate, there is no Federal tax in the US, there may be a state inheritance tax. If you are not in the US or it's from another source, you'll need to provide details.
- Anonymous2 years ago
No it's not taxed
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