Inheritance
I already filed both state and federal. I did not include and inheritance. Is this something I should ammend?
I already filed both state and federal. I did not include and inheritance. Is this something I should ammend?
Cash does not need to be reported on your tax return, but there is one exception. If the cash was due to the sale of an inherited property, you may need to report your share of that sale.
If the property you inherited was sold and then the cash from the sale distributed to you, then you should have received a tax reporting statement.
Contact the administrator or whoever was responsible for distributing the cash.
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