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New Member
posted Mar 21, 2025 12:36:59 PM

My friend inherited money from his mother in law. Does the inheritance have to be disclosed on his taxes and does he pay tax on that inheritance

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1 Replies
Expert Alumni
Mar 21, 2025 12:38:57 PM

It depends on how it was inherited. How were the funds received or in what form?

 

Do I need to report a cash inheritance? - TurboTax Support