https://ttlc.intuit.com/community/taxes/discussion/i-received-an-inheritance-ira-of-about-75k-and-cash-of-about-49-5k-in-2024-what-needs-to-be/01/3405993#M1255366 Thu, 12 Feb 2026 04:22:49 GMT jkdavis660 2026-02-12T04:22:49Z https://ttlc.intuit.com/community/taxes/discussion/i-received-an-inheritance-ira-of-about-75k-and-cash-of-about-49-5k-in-2024-what-needs-to-be/01/3405993#M1255366 Thu, 12 Feb 2026 04:22:49 GMT https://ttlc.intuit.com/community/taxes/discussion/i-received-an-inheritance-ira-of-about-75k-and-cash-of-about-49-5k-in-2024-what-needs-to-be/01/3405993#M1255366 jkdavis660 2026-02-12T04:22:49Z https://ttlc.intuit.com/community/taxes/discussion/re-i-received-an-inheritance-ira-of-about-75k-and-cash-of-about-49-5k-in-2024-what-needs-to-be/01/3406044#M1255389 <P>For distributions paid to you from the inherited IRA, the financial institution will issue a Form 1099-R that must be reported on your tax return.</P><P>&nbsp;</P><P>A cash inheritance that you receive is generally not reportable on an income tax return.&nbsp; However, if you were paid cash that was the result of income paid to the decedent's estate, the estate would issue to you a Schedule K-1 (Form 1041) reporting any taxable income that must be reported on your tax return,</P> Fri, 06 Dec 2024 18:08:57 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-received-an-inheritance-ira-of-about-75k-and-cash-of-about-49-5k-in-2024-what-needs-to-be/01/3406044#M1255389 dmertz 2024-12-06T18:08:57Z