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curtis_johnson6
New Member

As an inheritance,I received $22K from the proceeds from the sell of my deceased grandmother's house? There was a will. Am I required to pay taxes on these proceeds?

As an inheritance,I received $22K from the proceeds from the sell of my deceased grandmother's house? There was a probated will. Am I required to pay taxes on these proceeds? I read that this amount is below the threshold for being taxed?

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MinhT
Expert Alumni

As an inheritance,I received $22K from the proceeds from the sell of my deceased grandmother's house? There was a will. Am I required to pay taxes on these proceeds?

Cash and/or property received in an inheritance is not taxable and is not reported on your tax return.

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MinhT
Expert Alumni

As an inheritance,I received $22K from the proceeds from the sell of my deceased grandmother's house? There was a will. Am I required to pay taxes on these proceeds?

Cash and/or property received in an inheritance is not taxable and is not reported on your tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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