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melsoko69
New Member

If someone did not have an income for 2018, but inherited money, does she need to file taxes?

 
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Leonard
Intuit Alumni

If someone did not have an income for 2018, but inherited money, does she need to file taxes?

No, you do not have to file taxes on the money you inherited.   The federal government doesn't impose an inheritance tax, and inheritances generally aren't subject to income tax. If you receive money that is not considered income so the money is tax-free.

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1 Reply
Leonard
Intuit Alumni

If someone did not have an income for 2018, but inherited money, does she need to file taxes?

No, you do not have to file taxes on the money you inherited.   The federal government doesn't impose an inheritance tax, and inheritances generally aren't subject to income tax. If you receive money that is not considered income so the money is tax-free.

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