☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 6, 2019 5:37:27 AM

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.

0 1 161
1 Best answer
New Member
Jun 6, 2019 5:37:29 AM

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

1 Replies
New Member
Jun 6, 2019 5:37:29 AM

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