my father passed in 2024 and my sisters and I split his checking account 4 ways. My portion was 50K. Where do I enter that money on this form?

demossp · ‎February 19, 2026

do you have to claim money received from a parents death?

LaShaunA3

Inheritances aren't taxable income to you and are not reported as income on your Form 1040.

You can use this IRS tool to determine whether any other types of inheritance are taxable,

Is the inheritance I received taxable?

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LaShaunA3

Inheritances aren't taxable income to you and are not reported as income on your Form 1040.

You can use this IRS tool to determine whether any other types of inheritance are taxable,

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"