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Level 1
June 6, 2019
Solved

Do i have to declare cash inheritance i received from a friends' family trust on my income taxes, (both parents are now deceased)?

  • June 6, 2019
  • 1 reply
  • 6 views

i live in colorado and the trust is in the state of washington.  i read somewhere that there are no income taxes on inheritance, but that may be different if it comes through a trust.  is that true?

    Best answer by Irene2805

    Cash that is inherited is not taxable.  It doesn't matter if it is distributed through a trust.

    1 reply

    Irene2805Answer
    Level 15
    June 6, 2019

    Cash that is inherited is not taxable.  It doesn't matter if it is distributed through a trust.