b17
New Member

Retirement tax questions

Thank you! Follow-up: The will specified an amount, $30,000, but I actually received about $4000 more due to interest accumulating during the several years the estate was being settled. That interest was earned largely before I even knew I was named in the will ... so one could argue that *I* did not earn that interest, even though I eventually received it. So my follow up question is, am I liable for taxes on that $4000 interest that is in excess of the $30,000 actually specified in the will?