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POD Beneficiary Claim
My mom passed away this summer and left her kids including me the money she has accumulated in 2 banks, equally divided. It was not from 401K or IRA accounts. The amount of money is several thousand dollars. I submitted the beneficiary POD claim at the bank and received the money after a few weeks. I received a 1099-INT form from the bank for $10.74 which I assume is the interest gained between her death and me getting the $ but have no 1099 or tax forms from the bank for the several thousands of $. Do I need to pay taxes on the several thousand dollars I received or just the $10.74 interest I received. Thanks
‎June 6, 2019
1:20 AM