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hinkd007
New Member

I received money from my parents estate from a medical lawsuit. Do I claim that money on my taxes?

The lawsuit was asbestos related.
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DDollar
Expert Alumni

I received money from my parents estate from a medical lawsuit. Do I claim that money on my taxes?

No, not if the money came from your parent's estate.  If there were any taxes on the payment they would have been assessed and paid at the estate level.

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1 Reply
DDollar
Expert Alumni

I received money from my parents estate from a medical lawsuit. Do I claim that money on my taxes?

No, not if the money came from your parent's estate.  If there were any taxes on the payment they would have been assessed and paid at the estate level.

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