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New Member
posted Jun 3, 2019 1:30:01 PM

Where do I put an inherritance from a family member

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2 Replies
Level 9
Jun 3, 2019 1:30:02 PM

An inheritance is not taxable income that has to be reported UNLESS it is an inherited IRA (you will get a 1099-R and enter in the Retirement section) or you inherited something that was later sold (for example, you inherited a house and then sold it- this is entered in Investment section)

Level 9
Jun 3, 2019 1:30:04 PM

An inheritance is not taxable income that has to be reported UNLESS it is an inherited IRA (you will get a 1099-R and enter in the Retirement section) or you inherited something that was later sold (for example, you inherited a house and then sold it- this is entered in Investment section)