- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
1) Is the inherited money taxable? Cash inheritances from anywhere in any amount is not taxable.
2) She now earns interest on the inherited money. We file jointly. Can I file a separate 2555-S form to her to deduct the earned interest? The form 2555 is for Earned income only ... you cannot exclude interest income.
‎June 7, 2019
3:24 PM