Get your taxes done using TurboTax

Are you the personal representative?

 

You might want to start by reading IRS Publication 559 (link below).

 

https://www.irs.gov/publications/p559#en_US_2020_publink100099488

 

Generally, however, a cash inheritance (or property acquired via operation of law at the death of a co-tenant) is not a taxable event except in certain instances (e.g., a retirement account).