Hi. I inherited half an acre of land in GA. Do I have to pay an estate tax on this? When would I be required to pay it? Thank you.
2 Answers from Attorneys
Maybe. Maybe not. Maybe now, maybe later. You are asking for a guess, like asking whether you owe income tax without any clue about your income or deductions. That won't help you. See a tax accountant or CPA.
I agree with Mr. Riddle. It will depend on factors a CPA or estate planning attorney with all of the facts could better answer.
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