I be disappeared $1000 contained by my grandmothers will. Is that money taxable and if so what column on the 1040 do i report it
Answers:
nope, not taxable to you, unless you live surrounded by Pennsylvania. There, the state taxes an inheritance.
Assuming that it is not from an IRA or 401k, it is not taxable and does not have need of to be reported on your 1040 at adjectives.
I'm assuming from your interrogate that this be contained by brass, not securities or an IRA or something else. You don't report it on your federal return - if near be any levy due, the estate will own rewarded it.
Depending on the state you live in, in attendance might be some thoughtful of state taxes due. Whoever be surrounded by charge of settling the estate probably handle that too, but check to be sure.
No, it is not taxable. You do not enjoy to include it in your income levy return.