[MarkL]

It's tax-free to you, so why the concern?

Actually, it depends. If you inherit money that has had tax paid on it, then it is tax free. However, if the money comes from a tax deferred fund, like an IRA or 401K, then you will have to report the funds as regular earned income.

Mark

[Ciexyz]

Thanks for the financial advice.

[Dog Gone]

Are you sure about that? It's my understanding that the estate is responsible for all taxes before any assets are distributed.

I'm not a tax attorney, although for some strange reason that I can't understand, my highest grade in a class in law school was in federal income tax. And I hated that class.