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Can you provide me a bit more information? In what state are you located? Is this money simply from an estate inheritance? Or, is it from a retirement account such as an IRA, a 401k, etc.? Thanks.
Thanks for your quick reply. There is no Federal or Texas inheritance tax. And, since it's an inheritance, it is NOT income. Thus, you have no reporting or tax obligation with respect to the inheritance. It does not get reported on your income tax.
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