topic My son died at 46 years of age in January 2016. I received money from his checking account in 2017. Do I claim that on my 2017 tax? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/my-son-died-at-46-years-of-age-in-january-2016-i-received-money-from-his-checking-account-in-2017-do/01/718170#M288730 Thu, 06 Jun 2019 14:50:38 GMT brindlecoat 2019-06-06T14:50:38Z My son died at 46 years of age in January 2016. I received money from his checking account in 2017. Do I claim that on my 2017 tax? https://ttlc.intuit.com/community/taxes/discussion/my-son-died-at-46-years-of-age-in-january-2016-i-received-money-from-his-checking-account-in-2017-do/01/718170#M288730 Thu, 06 Jun 2019 14:50:38 GMT https://ttlc.intuit.com/community/taxes/discussion/my-son-died-at-46-years-of-age-in-january-2016-i-received-money-from-his-checking-account-in-2017-do/01/718170#M288730 brindlecoat 2019-06-06T14:50:38Z I'm sorry for your loss.  No, when cash transfers to an h... https://ttlc.intuit.com/community/taxes/discussion/i-m-sorry-for-your-loss-no-when-cash-transfers-to-an-h/01/718180#M288736 <P>I'm sorry for your loss.&nbsp;</P><P>No, when cash transfers to an heir, it is not taxable. If it were stocks or a home that would have to be sold to realize a profit, then it would be taxable.</P><P>Only a handful of states (Iowa, Kentucky, Maryland, Nebraska, New Jersey and Pennsylvania) have some kind of inheritance tax. Refer to your state's Department of Revenue to see what the requirements are for filing inheritance tax<BR /></P> Thu, 06 Jun 2019 14:50:40 GMT https://ttlc.intuit.com/community/taxes/discussion/i-m-sorry-for-your-loss-no-when-cash-transfers-to-an-h/01/718180#M288736 Coleen3 2019-06-06T14:50:40Z