Maybe, maybe not. What do you have going on?
It depends on "what" was inherited, and where it came from.
Someone else thought NOT and now I get to amend a return they filed themselves.
it depends - we all know that is too vague a question - what did they inherit? cash in the bank or an IRA?
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
I inherited my dad's ugly nose.
I was glad when his CPA told me it was not taxable.
"I was glad when his CPA told me it was not taxable"
You didn't get a second opinion?
I'd get a second opinion only if it was taxable.
For any opinion that was to my favor, I'd ride on the opiner's E&O insurance.
"I'd get a second opinion only if it was taxable."
That's pretty much what anyone else would do.
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