Do i have to declare cash inheritance i received from a friends' family trust on my income taxes, (both parents are now deceased)?

donna1954steve19 · ‎June 6, 2019

i live in colorado and the trust is in the state of washington. i read somewhere that there are no income taxes on inheritance, but that may be different if it comes through a trust. is that true?

IreneS · ‎June 6, 2019

Cash that is inherited is not taxable. It doesn't matter if it is distributed through a trust.

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IreneS · ‎June 6, 2019

Cash that is inherited is not taxable. It doesn't matter if it is distributed through a trust.

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Do i have to declare cash inheritance i received from a friends' family trust on my income taxes, (both parents are now deceased)?