how much taxes on inherited money in ohio
Your mother lived in Ohio, so that state determines whether any inheritance tax must be paid. Under Ohio law, her estate was not subject to inheritance tax. Tennessee law, that state of your residence, has no application to your mother's estate. You do not have to pay income tax (federal or state) on your inheritance.Inheritances are not subject to income tax.hio doesn't have an inheritance tax, only an estate tax on estates over $300,000+, but Tennessee has an inheritance tax.