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Level 2
June 1, 2019
Question

I have received money from inheritances in 2016. My parents both died. I have not received any 1099 forms for these amounts. Is that money income or not?

  • June 1, 2019
  • 2 replies
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2 replies

Level 2
June 1, 2019
I paid 29.99 for this turbo tax and would like some help. Thank you
June 1, 2019

Sorry for your loss.

Generally money or property you inherit is not taxable. If you inherit a retirement account, then distributions from that account may be taxable.