turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I received money from my father’s estate. Do I have to claim on my taxes?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Anita01
New Member

I received money from my father’s estate. Do I have to claim on my taxes?

Only if the inheritance included a retirement plan such as a 401k or IRA, in which case you would have and would enter a 1099-R.  Other inheritances, such as cash or stocks are not taxable when inherited, but you would pay tax on any interest or proceeds from sale you might receive in the future,

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question