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June 6, 2019
Solved

I gave many items to an auctioneer who gave me a check in return. They were from my mothers estate. I received a check for $5,000. Do I claim it?

  • June 6, 2019
  • 1 reply
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It would take me weeks to try and determine fair market value if I even could.
Best answer by ToddL

If these items were inherited from your mother, you do not need to report the proceeds on your tax return.

1 reply

ToddLAnswer
Employee
June 6, 2019

If these items were inherited from your mother, you do not need to report the proceeds on your tax return.