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Subject:  Re: Income in Respect of a Decedent Date:  10/13/2013  5:25 PM
Author:  TMFPMarti Number:  119302 of 121585

From what I had read I was under the impression that inheritance -- below that threshold -- was not taxable, but I suppose annuities are a different beast.

Inheritances are not taxable income (Pub 525). However, if a payment received from an estate would have been taxable income to the decedent, it's taxable income to the heir. Traditional IRAs are another example.

Phil
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