ToddL
New Member

Retirement tax questions

It won't count as "inherited" because you didn't actually receive an inheritance; this was a contract where you sold your "right of claim" to the estate's assets to another party. 

It should be taxable income to you and a deductible expense to the company that paid it. You should expect to receive a Form 1099-MISC (Box 3, Other Income) from the company that paid you for your rights to any estate assets.

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