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As a general rule, inheritances are not subject to income tax, and do not get reported on your income tax return. The exception to that rule is for income in respect of a decedent, so if you inherited a retirement account or some other asset that would been taxed if paid to the deceased, special rules apply.
As a general rule, inheritances are not subject to income tax, and do not get reported on your income tax return. The exception to that rule is for income in respect of a decedent, so if you inherited a retirement account or some other asset that would been taxed if paid to the deceased, special rules apply.
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