349522
You'll need to sign in or create an account to connect with an expert.
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)
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)
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
larrynator
New Member
jlfarley13
New Member
amyonghwee
Level 4
michelleroett
New Member
scatkins
Level 2