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Retirement tax questions
Generally inheritance is not taxable income to you.
"The Basic Rule: Inheritances Aren't Taxed
as
Income
. An
inheritance
can be a windfall in many ways—the inheritor not only gets cash or a piece of property, but doesn't have to pay
income
tax on it. "
The big exception I see on this is retirement accounts, where the 1099R is taxable income to who inherited it.
Please make another post with more detail if this does not answer your question.
June 6, 2019
2:46 AM