Skip to main content
Level 2
November 16, 2022
Question

Inheritance

  • November 16, 2022
  • 1 reply
  • 3 views

What should I do with a small inheritance of $50k?

    1 reply

    Level 5
    November 16, 2022

    Unfortunately, Turbo Tax does not give investment advice.  But whatever direction you chose, please remember, interest, dividends and capital gains will be taxable in the year earned or sold.

    **Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"
    fanfare
    Level 15
    November 16, 2022

    Take Jeff Bezos' advice : put the money into an emergency cash account at your bank.

     

    @Mitch29