You'll need to sign in or create an account to connect with an expert.
If it's only money that was left to you, it's not considered taxable to you because they've already paid tax on it as they got it.
The only thing that would be taxable is the money YOU make on it now (interest earned, or dividends from investing).
If it's only money that was left to you, it's not considered taxable to you because they've already paid tax on it as they got it.
The only thing that would be taxable is the money YOU make on it now (interest earned, or dividends from investing).
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
dmaloche
New Member
bextel
Level 1
jpnadere
New Member
KayGee4444
New Member
arisuee2000
Returning 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.