Quote:
Originally Posted by Boomer
Gigi,
I just looked at what we paid to have our taxes done by a CPA last year -- $325. I know ours are easy though because I always know what she will need and I hand over everything organized. The office runs the numbers in whatever program it is, and if there is anything else we need to know, we find out then. That $325 was for state and federal returns. Where we lived before, there was an extra form for the school district that cost a few extra dollars to file, but not much. I am talking about Ohio.
I hesitate to say this because I don't actually know anything about what all is involved in your situation, but from what I am piecing together from your posts, I am wondering if you might be worrying too much about this.
An inheritance can sometimes make the heir feel outside the comfort zone when it comes to handling the money carefully and wisely. I can see that you are trying to be careful and wise and it sounds like you have a handle on things, in general.
But. . .unless there is absolutely a decision you have to make before the end of the tax year, maybe the best thing to do is simply to have your 2023 taxes done by a CPA when the time comes. They always look at the previous year. . .I think. . .or they should anyway.
Get some recommendations though.
Boomer
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I'm sure you are right. I had a lot of decisions I had to make with this inheritance and feel like I'm in overdrive. I don't want to be frivolous with money my grandparents worked hard to save all their lives. They passed it to my aunt and she passed it to me, never spending a dime of it. Its not a lot of money but its the principle. I do know a CPA at H@R block that i will consult if my financial advisor can't help me.
Retirement is too much work!