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Is inheritance considered income? Cash. I am on disability

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Question : is inheritance considered income?<br/>JA: What are the assets or property involved here?<br/>Customer: cash<br/>JA: Anything else you want the Accountant to know before I connect you?<br/>Customer: I am on disability and can’t work. <br /><br /> Answer : <p>Dear Customer,</p><p>Yes, it is taxable income. It sounds that you took out the entire distribution. The […]

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