sap3
New Member

Taxes on an Estate Account account

My mom passed away in 2020, and about 3 years later, I was granted administrator her estate and was able to access money she had in bank accounts in New York. I opened an estate account and got the money transferred to that account and after paying off outstanding that she had I transferred the balance of that money into my account as her only child what kind of taxes do I have to pay on the money I transferred to my account.