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I received some unclaimed money of my Mothers I am the only child it was under $500 do I have to paid taxes on this

my mother has passes away in 2007
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Accepted Solutions
KrisD
Intuit Alumni

I received some unclaimed money of my Mothers I am the only child it was under $500 do I have to paid taxes on this

No, this would be treated as an inheritance which is not taxable. 

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1 Reply
KrisD
Intuit Alumni

I received some unclaimed money of my Mothers I am the only child it was under $500 do I have to paid taxes on this

No, this would be treated as an inheritance which is not taxable. 

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