The receipt of an inheritance is excluded from the taxable income of the recipients.

Name: The receipt of an inheritance is excluded from the taxable income of the recipients.
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Inheritances are generally not subject to income tax. However, any income earned on the inheritance after it is received, such as interest or stocks selling for a profit, may be subject to taxation. Additionally, certain states may have inheritance or estate taxes that apply.

The Receipt of an Inheritance Is Excluded from the Taxable