topic I was the benificiary on an account of someone who passed this year, do I need to report it?? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-was-the-benificiary-on-an-account-of-someone-who-passed-this-year-do-i-need-to-report-it/01/319244#M134029 The account was under 12,000 dollars Mon, 03 Jun 2019 19:06:52 GMT carriero58 2019-06-03T19:06:52Z I was the benificiary on an account of someone who passed this year, do I need to report it?? https://ttlc.intuit.com/community/taxes/discussion/i-was-the-benificiary-on-an-account-of-someone-who-passed-this-year-do-i-need-to-report-it/01/319244#M134029 The account was under 12,000 dollars Mon, 03 Jun 2019 19:06:52 GMT https://ttlc.intuit.com/community/taxes/discussion/i-was-the-benificiary-on-an-account-of-someone-who-passed-this-year-do-i-need-to-report-it/01/319244#M134029 carriero58 2019-06-03T19:06:52Z An inheritance is not considered as income and is not tax... https://ttlc.intuit.com/community/taxes/discussion/an-inheritance-is-not-considered-as-income-and-is-not-tax/01/319252#M134032 <P>An inheritance is not considered as income and is not taxable. You do not have report it on your tax return.</P><P>However, any income derived by you from that inheritance (e.g. interest) is taxable and must be reported.<BR /></P> Mon, 03 Jun 2019 19:06:53 GMT https://ttlc.intuit.com/community/taxes/discussion/an-inheritance-is-not-considered-as-income-and-is-not-tax/01/319252#M134032 MinhT 2019-06-03T19:06:53Z