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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.
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‎July 26, 2023
12:29 PM
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