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Old 04-14-2005, 10:04 AM   #1
Basic_man
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Heritage money : taxable or not ?

Okay, so I received a few bucks today from my grand-mother who died a while ago... I would like to know if I need to add the amount to my 2005 taxes ? Do I need to pay taxes on this amount ???

Thanks ! By the way, I'm Canadian.. it may differ from US taxes a bit I gues..
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Old 04-14-2005, 10:07 AM   #2
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pretty sure thats taxable income, it is here in Holland, id shove it under the rug if its $1000, most countries have a log on over $10k so if its more then that id pay tax...
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Old 04-14-2005, 10:10 AM   #3
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Quote:
Originally Posted by thinkx
pretty sure thats taxable income, it is here in Holland, id shove it under the rug if its $1000, most countries have a log on over $10k so if its more then that id pay tax...
Yep, it's exactly 1000$. I think I'll hide this amount .. but it's a check..
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Old 04-14-2005, 10:12 AM   #4
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yes you have to pay taxes and the attoney handling it should be able to give you a rough estimate and if not an account can
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Old 04-14-2005, 10:17 AM   #5
DutchTeenCash
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Quote:
Originally Posted by Basic_man
Yep, it's exactly 1000$. I think I'll hide this amount .. but it's a check..
So who send it? If its from some lawyer Im sure hes gonna file it...
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