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my friend inherited money from his mother in law. Does he claim that on h is tax return and will he pay money on that inheritance

 
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1 Reply
MaryK4
Expert Alumni

my friend inherited money from his mother in law. Does he claim that on h is tax return and will he pay money on that inheritance

No, inheritances if they are cash bequests in most cases are tax free income and do not have to reported on your tax return.  

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