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New Member
posted Jun 6, 2019 5:59:06 AM

I received a special bequest from a friend's will. Do I have to declare it as income on my taxes?

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1 Best answer
Level 15
Jun 6, 2019 5:59:09 AM

No, a cash  inheritance is not income and is not entered on a tax return.   If you had gotten part of their retirement account then that would be taxable. 

2 Replies
Level 15
Jun 6, 2019 5:59:07 AM

What kind of bequest exactly?

Level 15
Jun 6, 2019 5:59:09 AM

No, a cash  inheritance is not income and is not entered on a tax return.   If you had gotten part of their retirement account then that would be taxable.