My father died in June 2014. In February 2015, I received appr. $58,000 from his savings account. This money was not part of his estate because he had me as the beneficiary to the specific account. The bank transferred the money to my checking account and that was that. I am fairly sure I owe taxes on this money, but not completely sure to fed, state or how to claim it. Perhaps I don't owe any taxes on this money, other than the interest made since acquiring it. Help!!
