兴趣爱好You do not need to report inheritance income on your federal tax return, though you will need to report any income generated from your inheritance money on relevant tax forms with Form 1040. For states that do tax inheritances, such as Kentucky, you will usually fill out an inheritance tax return. A claim form must be completed and signed by the transferors and transferee and filed with the Assessor. A claim form is timely filed if it is filed within three years after the date of purchase or transfer, or prior to the transfer of the real property to a third party, whichever is earlier. 2.13 For a property to be a taxpayer’s principal residence for a particular year, he or she must designate it as such for the year and no other property may have been so designated by the taxpayer for the year. Furthermore, no other property may have been designated as the principal residence of any member of the taxpayer’s family unit for the year. For purposes of the latter rule, which applies if the taxpayer is designating a property as his or her principal residence for 1982 or a subsequent year, the taxpayer’s family unit for the year includes, in addition to the taxpayer, the following persons (if any):
