topic Re: Inheritance in After you file

Inheritance

ggillotti — Mon, 09 Mar 2026 10:41:50 GMT

I already filed both state and federal. I did not include and inheritance. Is this something I should ammend?

Re: Inheritance

Anonymous_ — Thu, 14 Apr 2022 14:34:20 GMT

An inheritance is not ordinarily taxable to you, individually, unless it was some type of retirement account.

Did you receive a tax reporting statement, such as a K-1?

Re: Inheritance

ggillotti — Thu, 14 Apr 2022 14:40:50 GMT

No K1. I received an inheritance from my Aunt and I'm being told that I should have reported it

Other beneficiaries said they did

Re: Inheritance

Anonymous_ — Thu, 14 Apr 2022 14:47:42 GMT

What, exactly, did you and the other beneficiaries receive?

If it happened to be property, did you sell it?

Re: Inheritance

JulieS — Thu, 14 Apr 2022 14:49:39 GMT

What type of inheritance did you receive? Cash, real estate, retirement accounts?

Re: Inheritance

ggillotti — Thu, 14 Apr 2022 14:50:51 GMT

Cash

Re: Inheritance

Anonymous_ — Thu, 14 Apr 2022 14:59:40 GMT

@ggillotti wrote:

Cash

Who told you to report it (an inheritance, again, is not ordinarily subject to federal income tax)?

You might want to contact the administrator (executor) of the estate.

Re: Inheritance

JulieS — Thu, 14 Apr 2022 15:00:56 GMT

Cash does not need to be reported on your tax return, but there is one exception. If the cash was due to the sale of an inherited property, you may need to report your share of that sale.

Re: Inheritance

ggillotti — Thu, 14 Apr 2022 15:10:10 GMT

Thank you for replying

Re: Inheritance

Anonymous_ — Thu, 14 Apr 2022 15:10:33 GMT

If the property you inherited was sold and then the cash from the sale distributed to you, then you should have received a tax reporting statement.

Contact the administrator or whoever was responsible for distributing the cash.

Re: Inheritance

ggillotti — Thu, 14 Apr 2022 15:20:48 GMT

Thank you