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June 1, 2019
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My son died in June and as a result I received $1,600 from his probated estate. Do I have to declare this amount as income? He died in the state of Minnisota.

  • June 1, 2019
  • 1 reply
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Best answer by TaxGuyBill

Probably not.

Unless the Estate itself had income (in which case the Estate would need to file a tax return and you would receive a K-1 to enter in your tax return), or the money was in a tax-deferred Retirement account, it is not taxable.

1 reply

June 1, 2019

Probably not.

Unless the Estate itself had income (in which case the Estate would need to file a tax return and you would receive a K-1 to enter in your tax return), or the money was in a tax-deferred Retirement account, it is not taxable.