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duma672
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

The sale money was split between all the kids.
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1 Best answer

Accepted Solutions
Anita01
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

If the estate sold the property and only distributed cash to you, you have nothing to report.  An inheritance of cash is nontaxable and nonreportable.  If you all actually inherited the property and then you sold it (you meaning your husband and his siblings), then it would be a reportable sale of inherited property.  It sounds like you have nothing to report.

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4 Replies
Anita01
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

Who sold the property, the estate or the children?
duma672
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

the estate
duma672
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

Would that cover for the state of Montana filing as well?
Anita01
New Member

My husband inherited money from the sale of his family property. I was told it's non taxable but I have to claim it on my taxes. how do I do that?

If the estate sold the property and only distributed cash to you, you have nothing to report.  An inheritance of cash is nontaxable and nonreportable.  If you all actually inherited the property and then you sold it (you meaning your husband and his siblings), then it would be a reportable sale of inherited property.  It sounds like you have nothing to report.

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