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New Member
posted May 31, 2019 11:32:15 PM

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?

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2 Replies
New Member
May 31, 2019 11:32:17 PM

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

New Member
May 31, 2019 11:32:18 PM

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.