Q. I am getting $50000/ as inheritance check. would it be reported on line 11 of 1040-SR?
A. No. An inheritance is not taxable and it is not reported on your income tax return. So it. does not increase your income for student aid qualification.
Any income from an inheritance (e.g. interest earned before the executor distributed the money) would be reportable income. Typically, you will get an IRS form for such income (e.g.1099-INT).
