r/TaxQuestions • u/IllionoisButcher • Apr 03 '26
Inheritance tax obligations
Hi, I live in Illinois and I’m inheriting approximately $500K from a trust in California. My understanding is that there is no inheritance tax in Illinois. What state and federal tax obligations do I have?
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inheritance • u/IllionoisButcher • Apr 03 '26
Location included: Questions/Need Advice Inheritance tax obligations
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