I inhreited a cd from my father. It was made out to transfer to me on death. I cashed it. Do I have to claim it as income on my taxes
I've already tried...
Answers
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I dont know if I have to show this on my taxes
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As a rule, inheritances are not taxable so, for example, if you inherited a certificate of deposit with a face value of $5,000, it would not be rreportable by you on your tax return.
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