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posted Nov 29, 2024 7:33:26 AM

I am receiving social security at age 64 and I recently got a 40000 inheritance from my mom how does this affect my benefits and tax implications?

inheritance and social security?

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1 Replies
Level 15
Nov 29, 2024 7:41:52 AM

Depends on the type of inheritance you received.  If it was a cash inheritance that is not reported on your tax return.