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Author: JORAYW Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121565  
Subject: Re: Sale of inherited parents home? Date: 2/3/2001 12:01 AM
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ndcarter,

In response to your query...I recently inherited 10k from a relative and with the check a letter from the lawyer stated this was not to be reported for tax purposes as one can inherit 10k or less without the need to report it. Wouldn't this mean you would only need to report the excess over the 10k? Do not take this as official as I am only stating what happened in my situation. I would contact a lawyer first before I reported it and paid the tax on it.

Regards,

Joanna
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