- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
inherited annuity
In a previous question I made, I asked about 2 annuities totaling approx $34000 that I received in an inheritance in 2022. These annuities were from my Father's death in 2001, I believe but were held by my mother's accounts until her death in 2019 and then held by Nationwide and Merrill Lynch until 2022 where I was then made aware of them. It was my understanding that Inheritance was not taxed so I didn't report it on my Income Tax. Since I have been struggling financially since my Mother's death, I took the full disbursement and bought a car that I needed and other things like utilities bills and other bills. My income was below the VA Hospital's threshold so I received my Medical free through them but this year they found this and said I owed them money for my treatment and medicine unless I could find and refute the income. I live on SSA and had to take part-time job to keep the bills paid plus I am having to move this year (2024) in January where the Mortgage will be at least half of my SSA check. I appear to be in trouble now with the IRS and others if the answer to my short question is true that I asked yesterday. Question Can anyone refer me to someone that can help me with this because I am not as sharp at 71 as I used to be and it may take some 1 one 1 to get this solved? I did scan into my computer most of the documents but I have to find them. Thanks for any help in this.