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posted Oct 25, 2023 10:59:17 AM

inheritance of remainder of deceased mother's workman's comp fund

My sister and I inherited the remainder of my mother's workman's comp fund after she passed away. I am not sure if we will get a 1099 for that, so that would be my first question. Then, if we do, how would I file that on my 2023 taxes, because I am told that it should not be taxable.

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1 Replies
Employee Tax Expert
Oct 25, 2023 12:03:22 PM

Hi @Jodielynn 

 

You are correct.  Workers' compensation benefits paid to surviving family members after a worker's death are not considered taxable income.

 

You likely will not receive any tax forms for the paid amounts. 

 

Thank you!

Melanie