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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).
ā€ˇFebruary 2, 2021
9:48 AM
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