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Who has to pay PA inheritance tax?

Pennsylvania is one of a handful of states that collects an inheritance tax. If you are a Pennsylvania resident, or if you own real estate or tangible property located in Pennsylvania, the people who inherit your property might have to pay a tax on the amount that they inherit.

Are non probate assets subject to PA inheritance tax?

Non-probate assets are generally includable in your estate for federal estate tax purposes and for New Jersey and Pennsylvania inheritance tax purposes.

What can be deducted from PA inheritance tax?

What Type of Expenses Are Deductible on The REV 1500 Pennsylvania Inheritance Tax Return? Funeral costs including luncheon and head stone; Attorney, Accounting and Appraisal fees and Real Estate Commissions; Final medical bills; Final utility bills including cable, internet, telephone, gas and electric;

Do I have to file a PA estate tax return?

An inheritance tax return must be filed for every decedent (or person who died) with property that may be subject to PA inheritance tax. The tax is due within nine months of the decedent's death. After nine months, the tax due accrues interest and penalties.

What is a Schedule C for?

Use Schedule C (Form 1040) to report income or loss from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business if: Your primary purpose for engaging in the activity is for income or profit.

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