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  • Mar 31, 2007, 04:48 PM
    sand088
    Income tax
    I received a cash inheritance. Is it taxable?
  • Apr 4, 2007, 12:34 PM
    AtlantaTaxExpert
    No! Any estate taxes due should have been paid by the estate before you got the money.

    An inheritance is tax-free for income taxes, EXCEPT for an inherited IRA.

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