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?
02385
2 Replies
lauralentz18
New Member
May 31, 2019 11:32:17 PM
I paid 29.99 for this turbo tax and would like some help. Thank you
RichardK
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.