topic Inheritance income in Tax law changes

Inheritance income

nddragun1 — Tue, 10 Mar 2026 06:01:20 GMT

I'm 72. I stopped working last Fem. My only source of income is SSI as a surviving spouse. In March I learned I will be receiving an inheritance amount for the next 10 years. How is the inheritance reported and taxed?

Re: Inheritance income

VincentL — Wed, 28 Sep 2022 17:30:15 GMT

The determination of taxability is dependent upon the characteristics and nature of the payments. Are the payments from a trust, or insurance, or an IRA? This would effect any taxable determination of the payment. There isn't enough information provided in your question to provide a well reasoned reply. I am sorry.

Re: Inheritance income

nddragun1 — Wed, 28 Sep 2022 17:56:15 GMT

The money being paid was originally from an IRA. A lump sum was withdrawn from that IRA and placed into an separate trust account from which I will be receiving the annual payments.