rschule1
Expert Alumni

Retirement tax questions

Hi there

 

Condolences on your mother. It appears as if your mother's estate is being completely liquidated with the beneficiary's receiving a cash inheritance. If so inheriting cash in itself does not trigger a taxable event to the beneficiary. However, in future years, earnings on inherited cash such as interest and dividends will become taxable to the beneficiary.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"