Legal Question in Wills and Trusts in New York
When/where to report inheritance
Where do I have to report an inheritance? i.e. tax form, family court financial form etc. Who has the right to know this information?
Asked on 11/16/01, 3:03 pm
2 Answers from Attorneys
Norman Nadel
Norman Nadel, Esq.
Re: When/where to report inheritance
You have no obligation to report the receipt of an inheritance to anyone, as far as I know.
The files in the Surrogate Court are public records and if the inheritance is disclosed there anyone may look at it.
Answered on 11/16/01, 4:54 pm
Bunji Fromartz
Fromartz Law Offices
Re: When/where to report inheritance
The reporting of an inheritance is not necessary.
The only exception is if you receive a "K-1" income distribution form relating to income the Estate made. In that case you have to add the income reported on that form to your income tax returns.
I can be reached at 718 855 7675
Answered on 11/19/01, 12:51 pm
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