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I gave many items to an auctioneer who gave me a check in return. They were from my mothers estate. I received a check for $5,000. Do I claim it?

It would take me weeks to try and determine fair market value if I even could.
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ToddL
New Member

I gave many items to an auctioneer who gave me a check in return. They were from my mothers estate. I received a check for $5,000. Do I claim it?

If these items were inherited from your mother, you do not need to report the proceeds on your tax return.

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ToddL
New Member

I gave many items to an auctioneer who gave me a check in return. They were from my mothers estate. I received a check for $5,000. Do I claim it?

If these items were inherited from your mother, you do not need to report the proceeds on your tax return.

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