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JWS1949
Level 1

Proceeds from decedent's estate

My father in law died in October and my wife received a substantial inheritance when his trust was liquidated.  Is that considered income?

posted
‎February 23, 2024 1:42 PM
last updated ‎February 23, 2024 1:42 PM
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DoninGA
Level 15
Level 15

Proceeds from decedent's estate

A cash inheritance is not reported on a federal tax return.

‎February 23, 2024 1:43 PM
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