I received $20,000 from my brother's estate for expenses I paid out to help my father (the executor of the estate, and payer of the money) settle the estate. Is that taxable income? Do I need to report it?
028761
2 Replies
Anonymous_
Level 15
Nov 8, 2024 7:10:53 AM
dmertz
Level 15
Nov 8, 2024 8:16:49 AM
If you simply received reimbursement from the estate for estate expenses that you initially paid, that's not reportable income.