Skip to main content
January 22, 2022
Question

Do I pay tax on money my decease Aunt left me in her saving account?

  • January 22, 2022
  • 1 reply
  • 0 views
Do I pay tax on money my decease Aunt left me in her saving account? The money was from her IRA.

1 reply

January 22, 2022

sorry for your loss. the principal is not taxable but any interest earned after her death is  (assuming you were a joint tenant or had survivorship rights)