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Your husband would report as income only the interest portion of the payments received in 2016. Inheritances are not taxable to the heir (the balance of the loan) but any income earned on the inheritance is taxable (the interest).
Your husband would report as income only the interest portion of the payments received in 2016. Inheritances are not taxable to the heir (the balance of the loan) but any income earned on the inheritance is taxable (the interest).
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