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Inheritance Gifts
In 2020 my wife's grandfather passed away. He left inheritance to my wife's mother and father, who in turn decided to provide both my wife any I a gift from this money of $15,000 each. This came in the form of a personal check from my wife's mother and father to us. I don't have any forms associated with this, do I need to declare the income somewhere on my 2020 return?
‎February 20, 2021
2:46 PM