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www.dispatch.com/article/20110918/news/309189680

Sep 18, 2011 ... A: A certificate of deposit is not taxable to the beneficiary, under the general rule that an inheritance is not subject to federal income tax.

budgeting.thenest.com/inherited-cds-counted-taxable-income-34135.html

If you receive a certificate of deposit, or CD, as an inheritance, you may have some tax concerns. Inherited assets aren't counted as income by the Internal ...

www.bankrate.com/banking/cds/paying-tax-on-cd-interest

Oct 15, 2020 ... The IRS treats interest you receive on a CD as interest income, regardless of whether you receive the money in cash or reinvest it in a new CD.

www.money-rates.com/ask-the-expert/owe-taxes-inherited-cd.html

In terms of your question, the specifics of any tax situation usually require ... on these three concepts when determining if there is a potential inheritance tax liability: ... ...

www.hg.org/legal-articles/inherited-money-21677

Taxes. In general, inherited assets are not taxable income, but the income earned by the assets are. For example, you don't report the inherited CD ...

turbotax.intuit.com/tax-tips/estates/4-ways-to-protect-your-inheritance-from-taxes/L653s0Kyn

Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments or property. However, any subsequent earnings on the  ...

www.thebalance.com/do-i-pay-tax-on-cd-interest-315242

How Are CDs Taxed? Interest Earnings. In taxable accounts (like joint and individual accounts), you typically pay income tax on the interest you earn ...

www.thebalance.com/will-you-have-to-pay-taxes-on-your-inheritance-3505056

You might owe an estate tax, an inheritance tax, or capital gains tax · Taxes at the Federal Level · State Inheritance Taxes · State Income Taxes and Federal ...

www.alllaw.com/articles/nolo/wills-trusts/must-pay-income-tax-inherited-money.html

Beneficiaries generally don't have to pay income tax on money or other property they inherit, with the common exception of money withdrawn from an inherited ...

www.depositaccounts.com/blog/2011/11/my-experiences-as-a-beneficiary-claiming-pod-bank-cds.html

Since your mother inherited the CD, you will not have to pay any tax if your ... death is not income in respect of a decedent, but is taxable income includible in the ...