On 2/25/2021 6:00 PM, cshenk wrote:
> Taxed and Spent wrote:
>
>> On 2/25/2021 2:35 PM, jmcquown wrote:
>>> On 2/23/2021 10:19 AM, Dave Smith wrote:
>>>> On 2021-02-23 8:27 a.m., Gary wrote:
>>>>
>>>>>
>>>>> Over a series of posts, Jill told enough about her inheritance to
>> run >>> the numbers. I don't care that she got the house and enough to
>>>>> maintain it but she shouldn't have asked her brothers for money
>> back >>> to pay the inheritance tax.
>>>>
>>>> I think you are confused there. She has a legitimate beef about the
>>>> income tax that she has to pay on some sort of annuity of
>> something that >> is paid out to her and which she shares equally
>> with her brothers. Since >> is is paid to her she has to pay the
>> income tax on it. She gives them >> each a share of the gross, but
>> then she has to pay income tax on the >> that grossÂ* out of her share.
>>>>
>>> Gary doesn't understand stuff like that. I thought the sole
>>> beneficiary on the annuity was my middle brother. (Lord knows he
>>> wouldn't have shared it.) When it came to settling the estate, my
>>> mother had changed it to me. I chose to split it three ways per
>>> the terms of my her Will and got hit with the tax liability. I
>>> sure as hell don't ever expect to see them pay me back but I do
>>> feel they owed their share of the taxes.
>>>
>>> It was the way it was written. She should have been told to list
>>> three beneficiaries, then it would have been split three ways and
>>> each of us would have assumed tax liability. Mom didn't know to do
>>> that. I did the fair thing and got ripped off by doing what she
>>> wanted.
>>>
>>
>>>
>>> Jill
>>>
>>
>> You got ripped off by your own foolish handling of this matter.
>> Don't blame your mom.
>
> No, she didn't. Tax laws are odd.
>

Tax laws are odd, but they are well understood in this instance. She
blew it. She could have even asked on a food group and gotten good and
proper advice.