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Mitch29
Level 2
Nov 16, 2022 9:07 PM UTC
Question

Inheritance

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

    4 replies

    R-SchuleCPA
    Level 5
    Nov 16, 2022 9:11 PM UTC

    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.

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    fanfare
    fanfare
    Level 15
    Nov 16, 2022 9:16 PM UTC

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

     

    @Mitch29 

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