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Do I need to claim an inheritance check ?

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Phillip1
New Member

Do I need to claim an inheritance check ?

It depends on the source of the cash.

If this was simply inherited cash of 10,000 dollars (from cash held by the deceased, or from the balance of a bank account) you do not need to enter this into your tax return. However, if there is some underlying income associated with this cash (like from the sale of property, or a withdrawal from the retirement account of the deceased) you may need to report the income on your return.

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