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November 8, 2024
Question

Money received from estate

  • November 8, 2024
  • 2 replies
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I received $20,000 from my brother's estate for expenses I paid out to help my father (the executor of the estate, and payer of the money) settle the estate. Is that taxable income? Do I need to report it?

2 replies

Employee
November 8, 2024
No text available
Employee
November 8, 2024

If you simply received reimbursement from the estate for estate expenses that you initially paid, that's not reportable income.