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Level 2
Oct 30, 2024 4:19 PM UTC
Solved

Inheritance

I am 67, file jointly, and just received an inheritance from an uncle. Under $20,000. How will that affect my taxable income?

    DoninGA
    DoninGAAnswer
    Level 15
    Oct 30, 2024 4:21 PM UTC

    A cash inheritance is not reported on a tax return.

    2 replies

    DoninGA
    Level 15
    DoninGALevel 15Answer
    Level 15
    Oct 30, 2024 4:21 PM UTC

    A cash inheritance is not reported on a tax return.

    Level 2
    Oct 30, 2024 4:24 PM UTC

    Thank you