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

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?

989

Level 15

Mar 5, 2025 2:26:03 AM

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

New Member

Mar 5, 2025 3:06:09 AM

Okay cheers thanks

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