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Get your taxes done using TurboTax
Hi LillyRose,
Thank you for allowing me to add in my knowledge to others listed. You mention that the check was received in 2023 but not cashed until 2024. Typically, death benefits are recognized when received. However, If this is an IRA, your husband should have received a 1099 R which would indicate the year in which it could or would be subject to taxes. The inheritance should be taxed in 2024.
Goodluck to you in 2024
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‎September 25, 2024
10:23 AM