Yes, you will pay taxes on it. You will enter it as a sale of investment property. To enter the sale click the following:
- Federal
- Income
- Show More next to Investment Income
- Start next to Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
- Select Other
- Walk through and answer the questions. You will be asked how you received this investment. You will select Inherited, then enter the rest of the information.
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