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Get your taxes done using TurboTax
You typically don't need to report inheritance money to the IRS because inheritances aren't considered taxable income by the federal government unless that inheritance is received from a foreign person or trust. If the value of the inheritance you received is more than $100,000, you will need to file a form 3520.
Please visit the following link for more details.
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‎January 17, 2024
1:40 PM