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rcmarcelo
New Member

Can i inherit property and or cash from my son?

my son wants to liquidate and unload property and or cash to patents and siblings

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Accepted Solutions
DoninGA
Level 15

Can i inherit property and or cash from my son?

If your son is not deceased and gives you property or money then that is not an inheritance, it is a gift.  Gifts received from an individual are not reported on a tax return, regardless of the amount or value of the gift received.

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1 Reply
DoninGA
Level 15

Can i inherit property and or cash from my son?

If your son is not deceased and gives you property or money then that is not an inheritance, it is a gift.  Gifts received from an individual are not reported on a tax return, regardless of the amount or value of the gift received.

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