Do I need to do anything for inheritance money??

Generally, inherited property (including cash, stocks, and real estate) is not taxable or reportable on a personal 1040 federal return.

However, any income earned from an inheritance such as interest, dividends, rent) or capital gains will be taxable on a federal return.

 An inheritance will be taxable if you inherit an IRA, 401(k) or other retirement account. That would be considered "income in respect of a decedent" which is earned by a deceased person prior to death. Because it was paid after death the income is taxable to the recipient in the year paid. You would receive a 1099-R if this was the case.

Please feel free to post any additional details or questions in the comment section.