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T
terripez
Level 1
May 6, 2022
Question

Is inheritance for individuals subject to federal income tax?

  • May 6, 2022
  • 5 replies
  • 11 views
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5 replies

IRonMaN
IRonMaN
Level 15
May 6, 2022

Maybe, maybe not.  What do you have going on?

Slava Ukraini!
    Just-Lisa-Now-
    Just-Lisa-Now-Intuit Community Champion
    Intuit Community Champion
    May 6, 2022

    It depends on "what" was inherited, and where it came from.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
      JRC
      JRC
      Level 7
      May 6, 2022

      Someone else thought NOT and now I get to amend a return they filed themselves.

       

        ljr
        ljr
        Level 9
        May 7, 2022

        it depends - we all know that is too vague a question - what did they inherit? cash in the bank or an IRA? 

          IRonMaN
          IRonMaN
          Level 15
          May 7, 2022

          Posts like this make me think of that old Nilsson song-

          everybody’s talking at me

          I don’t hear a word they’re saying

          only the echoes of my mind

          Slava Ukraini!
            joshuabarksatlcs
            joshuabarksatlcs
            Level 9
            May 7, 2022

            I inherited my dad's ugly nose.

            I was glad when his CPA told me it was not taxable.

            I come here for kudos and IRonMaN's jokes.
              IRonMaN
              IRonMaN
              Level 15
              May 7, 2022

              "I was glad when his CPA told me it was not taxable"

              You didn't get a second opinion?

               
              Slava Ukraini!
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