I have received money from inheritances in 2016. My parents both died. I have not received any 1099 forms for these amounts. Is that money income or not?

[lauralentz18]

I paid 29.99 for this turbo tax and would like some help. Thank you

[RichardK]

Sorry for your loss.

Generally money or property you inherit is not taxable. If you inherit a retirement account, then distributions from that account may be taxable.