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October 30, 2024
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Inheritance

  • October 30, 2024
  • 1 reply
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I am 67, file jointly, and just received an inheritance from an uncle. Under $20,000. How will that affect my taxable income?

    Best answer by DoninGA

    A cash inheritance is not reported on a tax return.

    1 reply

    DoninGA
    DoninGAAnswer
    Employee
    October 30, 2024

    A cash inheritance is not reported on a tax return.

    October 30, 2024

    Thank you