I received a cash inheritance in 2024 and immediately invested it, so it generated some interest which I received 1099INT's for and am currently filing on TurboTax now in 2025. BUT at no time was I asked to provide a $ amount or where the inheritance came from in order to determine whether or not it is taxable. Do I really just not report it at all and risk an audit in the future? How about a worksheet to report it and prove it's not taxable instead of leaving it to chance? My portion of the inheritance is only a fraction of the total, split among siblings, from the sale of the home of a deceased parent. The house was in a trust with the oldest sibling named Executor (not me) so I had no control over the sale of the house, the distributions from the proceeds, or the filing of the taxes for the estate, and have no reliable way of knowing if the correct forms are being filed or sent by the Executor. So, once again, should I just not even REPORT my portion?
