You'll need to sign in or create an account to connect with an expert.
Very sorry for your loss.
This is not a taxable event for you. It may be considered an inheritance, however, you will need to pay taxes on any distributions that you receive in the future.
Very sorry for your loss.
This is not a taxable event for you. It may be considered an inheritance, however, you will need to pay taxes on any distributions that you receive in the future.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Bluesky-888
Level 2
JJK2
Returning Member
blake112469
New Member
paulhbg1
New Member
duffkennedy-gmai
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.