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grodowitz
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Money deceased mothers checking account?

My wife received $1600 when she closed her Mother's checking account after she died.  She paid $600 from this money for her Mother's hospice care.  Do we owe any taxes on this money?

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‎June 4, 2019 7:15 PM
last updated ‎June 04, 2019 7:15 PM
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IsabellaG
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Money deceased mothers checking account?

No, if she inherited this money from her mother, it's not taxable.

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‎June 4, 2019 7:15 PM
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IsabellaG
Expert Alumni
Expert Alumni

Money deceased mothers checking account?

No, if she inherited this money from her mother, it's not taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎June 4, 2019 7:15 PM
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