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Where's the money from? Is it an inheritance?
Inheritance is generally is nontaxable but if you inherit income producing property like a rental house or stock, the income received after the death of the original owner can be taxable. For instance, if you inherit rental house, the house itself is not taxable but if you collect any rent, the rent is. If you inherit a stock, the fair market value of the stock on day of inheritance is nontaxable but dividends paid after is considered taxable income. Similar rules would apply to gifts; property received while the original owner is still alive.