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Basic_man

04-14-2005 10:04 AM

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..

DutchTeenCash

04-14-2005 10:07 AM

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...

Basic_man

04-14-2005 10:10 AM

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..

Screaming

04-14-2005 10:12 AM

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

DutchTeenCash

04-14-2005 10:17 AM

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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