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info11
New Member

Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.

I do Laser Engraving as a business.  I am a retired carpenter but sometimes I do small handyman type jobs.  I do get a pension from my years as a carpenter.  I also get Social Security.

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Accepted Solutions
KrisD
Intuit Alumni

Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.

There is no tax on inheritances.

There is also no tax on gifts received.

View solution in original post

1 Reply
KrisD
Intuit Alumni

Do I have to pay taxes on some money that was given to me after my brother died? It was from some money that he had in the bank.

There is no tax on inheritances.

There is also no tax on gifts received.

View solution in original post

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