Dear Turbo Tax Support,
Single, filing individually. In the tax year 2022, I had a relative who passed away. I was a beneficiary on some of the decedent's bank accounts. The sums on those were transferred to me. I opened a bank account in my name and make check deposits of those sums into my account. Do I need to pay taxes on those check deposits? Do those check deposits count as income? And if the bank account accumulates interest, do I have to separately report that interest and pay taxes on it as well? Thank you so much for your help!
