topic How do I enter cash inheritance and does it count as a financial asset in Deductions & credits

How do I enter cash inheritance and does it count as a financial asset

Regirock — Wed, 05 Mar 2025 09:57:14 GMT

I received a cash amount in the form of a check from my father’s lawyer. Turbo tax has promoted the question Did you own or control a foreign bank account, trust or financial asset in 2024? does this check count as a financial asset should I say yes?

Re: How do I enter cash inheritance and does it count as a financial asset

DoninGA — Wed, 05 Mar 2025 10:26:03 GMT

A cash inheritance is not reported on a tax return. If you do not own or control a foreign account answer No.

Re: How do I enter cash inheritance and does it count as a financial asset

Regirock — Wed, 05 Mar 2025 11:06:09 GMT

Okay cheers thanks