| As a beneficiary, there should be no tax that would be imposed on your tax return as there are some statutory exemptions that are available to your Aunt's estate.
According to the IRS, "for a person dying during 2006, 2007, or 2008, the applicable exclusion amount is $2,000,000, so if the sum of the taxable estate plus the "adjusted taxable gifts" made during lifetime equals $2,000,000 or less, there is no federal estate tax to pay. "
This means is that if your Aunt had less than $2,000,000 in her Estate, there really is no estate tax liability at all!
Thus, based on your situation, there should really would be no federal tax liability on the amounts received by your Aunt's Estate! | 
