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can't say because it depends on what it is. should it be funds you left in a bank account for too long, it's your own money you're getting back - nontaxable except for any unreported interest income included. could be inheritance - non taxable. could be a state tax refund - may or may not be taxable. could be lottery winnings - likely taxable.
The unclaimed funds are taxed in the same manner that they would have been if you had gotten them back then. What did you claim ?
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