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New Member
posted Jun 7, 2019 3:44:24 PM

Does inheritance income need to be reported?

I received an amount of money as an inheritance in 2016 and live in California. I'm aware that there is no tax on this federally nor in the state of California. However, does it still need to be reported? I saw no questions regarding this in Turbo Tax. I have already filed, so am trying to find out if I need to make a correction.

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1 Best answer
Expert Alumni
Jun 7, 2019 3:44:26 PM

Inheritance is not taxable at the federal level and in California.

You do not have to report it on your tax return.

Please read this TurboTax FAQ for more information:

https://ttlc.intuit.com/replies/3300476



1 Replies
Expert Alumni
Jun 7, 2019 3:44:26 PM

Inheritance is not taxable at the federal level and in California.

You do not have to report it on your tax return.

Please read this TurboTax FAQ for more information:

https://ttlc.intuit.com/replies/3300476