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Where and how do i report inheritance income
MY WIFE RECEIVED PART OF A DISTRIBUTED INHERITANCE AFTER ACTING
AS EXECUTOR FOR HER SISTER'S ESTATE.
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Where and how do i report inheritance income
Generally, an inheritance is not taxable to the beneficiary, unless the distribution is from a retirement account, and in that case the beneficiary would receive a 1099-R and enter it as retirement income.
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Where and how do i report inheritance income
Generally, an inheritance is not taxable to the beneficiary, unless the distribution is from a retirement account, and in that case the beneficiary would receive a 1099-R and enter it as retirement income.