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Inheritance
My mother recently passed and I will be receiving inheritance. Part was beneficiary on stocks/mutual funds and I was given a step up account, so until I sell, I don't have a tax obligation. Is that correct? Also, I will be given a CD and cash from a house sale. How does that affect my taxes? Is it considered income? Is there an inheritance tax?
‎July 26, 2023
10:14 AM