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2. How to calculate taxes on an inherited annuity - AOL

   www.aol.com/finance/calculate-taxes-inherited...

   Inheritance and estate taxes on annuities. Beyond income taxes, an heir may also need to calculate estate and inheritance taxes. Whether an annuity is subject to income taxes is a completely ...

3. What Is Inheritance Tax? A Guide to Costs and Who’s ... - AOL

   www.aol.com/inheritance-tax-happens-split...

   Inheritance tax is a tax on the value of someone’s property, ... To calculate the estate tax, the executor adds up the fair market value of all assets in the estate. ... “Financial accounts ...

4. What happens to your bank account after you die? - AOL

   www.aol.com/finance/what-happens-to-bank-account...

   Here’s what happens for beneficiaries, joint account holders and no planning, with steps to avoid complications. ... and more than 15 states tax inherited wealth through estate or inheritance taxes.

5. Estate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Estate_tax_in_the_United...

   Inheritance taxes are paid not by the estate of the deceased, but by the inheritors of the estate. For example, the Kentucky inheritance tax "is a tax on the right to receive property from a decedent's estate; both tax and exemptions are based on the relationship of the beneficiary to the decedent." [52]

6. Inheritance Tax: What It Is, Who Pays and State-Specific Rules

   www.aol.com/finance/much-inheritance-tax-rates...

   The amount of tax charged for an inheritance tax depends on the amount of the inheritance and the beneficiary’s relation to the deceased. Inheritance Tax vs. Estate Tax

7. Joint account - Wikipedia

   en.wikipedia.org/wiki/Joint_account

   If the joint account is a survivorship account, the ownership of the account goes to the surviving joint account holder. Joint survivorship accounts are often created in order to avoid probate. If two individuals open a joint account and one of them dies, the other person is entitled to the remaining balance and liable for the debt of that account.

8. Stepped-up basis - Wikipedia

   en.wikipedia.org/wiki/Stepped-up_basis

   Therefore, if the taxpayer's sister were to sell the house for $100,000, she would generally need to pay income tax on the $65,000 of capital-gain income. However, in the case of a beneficiary who receives an asset from a benefactor after the benefactor's death, the beneficiary's basis in the asset is "stepped up" to the FMV on the date of the ...

9. Joint bank accounts: The pros and cons for every stage of life

   www.aol.com/finance/pros-and-cons-joint-bank...

   If you're married and file taxes jointly, you report all the interest earned on your joint account on your shared tax return. You don't need to worry about who earned what portion. You don't need ...