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April 15, 2024
Question

Do I need to report cash inheritance on my federal tax return?

  • April 15, 2024
  • 1 reply
  • 0 views
If you don't report cash inheritance on your federal tax return, how do they track if you every exceed the taxable limits?

1 reply

DoninGA
Employee
April 15, 2024

A cash inheritance is not reported on a federal tax return, regardless of the amount received.