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01-23-2018 11:13 AM
My grandmother passed away last year and she left some money to me, so I am wondering what form will I be getting for that? Also, where would the form be coming from? It was in a bank account that she left for me and my brother, so we just took out our half and closed the account. Any thoughts? Thanks!
01-25-2018 01:27 PM
First let me say I feel sorry for your loss. You most likely will not receive any form for the money left to you.
Since this is an inheritance from the loss of your grandmother there is no tax consequence for you or your brother.
Consider well what to do with this money. One shameless plug here, look into opening a Roth IRA....you will thank
yourself some years into the future.
Hope this helps!