I am filing a Form 706 for an estate that is over $11,700,000, (died in 2021). How do I file the CA return and pay the taxes due to CA? Can I do this in Lacerte?
When did CA get rid of their estate tax?
There is currently no estate tax, inheritance tax, or generation skipping transfer tax in California for any person with a date of death as of January 1, 2005 or after.
Under the old law, CA estate tax was a "pickup tax". When federal repealed the state credit, CA estate tax ended.
There are enough living people to tax in CA.
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