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Level 2
posted Nov 16, 2022 12:22:53 PM

Inheritance

Is a check from an estate checking account to a beneficiary considered taxable income?

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1 Best answer
Level 15
Nov 16, 2022 12:25:25 PM

That would depend and you should contact the executor and inquire.

 

Typically, however, a cash inheritance is not taxable to the beneficiary.

1 Replies
Level 15
Nov 16, 2022 12:25:25 PM

That would depend and you should contact the executor and inquire.

 

Typically, however, a cash inheritance is not taxable to the beneficiary.