Submitted by EColli93 t3_11owqjp in personalfinance
How will I handle this on our taxes? He passed away from a sarcoma in his femur a month later, no money had been spent yet and no repayments had been made yet. Will it be considered a “gift?” Incidentally I’m the only one who was in his will anyway.
EDIT 1: I was technically a joint holder of his account. His estate has no debt. I am administering the will but I haven’t submitted it to probate yet. EDIT 2: I will update next week with the answer I receive from my accountant.