Inheritance or Gift and do I report it
My father died in 2001 and did not have a chance to revise his will, so my sister and my mother were the only ones on it. The will was dated from before I was born and by the time he died my mother and him were divorced. We agreed to split everything between my sister and I. We sold the condo that he left, but because I was younger, my sister held onto the money for me until I was ready for it. Recently, she gave me this money in the amount of $10,000. Is this considered a gift or inheritance? Do I have to report it on my tax return?
I'm not sure if the year is pertinent in which my father died, since the laws have changed.