The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  reporting inheritance on turbo tax Date:  2/3/2010  10:18 AM
Author:  Maura102 Number:  108874 of 129666

My husband inherited approximately $15,000.00 from a distant cousin in May. The attorney handling the estate paid all the heirs by check. He said all the taxes, both federal and state, were paid by the estate. How do we report this on our federal forms, or do we even have to since the taxes were paid? I would appreciate any advice you can give me? Thank you.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us