I want to know how a sequence of 3 heirs be taxed?
Suppose I have 3 heirs to equal shares of my estate and my estate is worth $ 3,000,000, each heir will receive 1 million. The estate tax exemption years, the Federal Republic $ 2,000,000 My question, then, that since each heir receives a million, they would pay property tax? Based on what I read, I think that there is no check on my property tax, but. Thanks in advance for the help. pay

Bostonianinmo Reply via
for taxes on real property, the number of heirs is irrelevant for calculating the tax. The heirs to divide what remains of the estate after all debts are paid, including taxes. The heirs do not pay federal taxes themselves, but there may be state taxes than a few states still have inheritance taxes.

Real Estate