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February 5, 2025
Question

Do I need to claim money that my mother left me when she died. It was for around $11,000. I did not invest it. How do I claim it?

  • February 5, 2025
  • 1 reply
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How do I claim money that was left for me. ($11,000)?

    1 reply

    February 5, 2025

    Inherited money is not taxable at the Federal level and is not reported on your tax return.

     

    Certain states have an inheritance tax.

     

    Please read this TurboTax article for more information.

     

    However, any interest or earnings derived from this money is taxable and has to be reported.

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