Is Previously Unclaimed Property Once Recovered Taxable?

The PA Treasury runs an Unclaimed Property Dept. I recently recovered property belonging to my deceased father (died 2002) There are no 1099 forms issued and the Dept claims it notifies no other agency upon destribution of the assets. Is there a federal income tax consequence? is this income?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.


Custom Search

Subscribe to my channel

Sponsored Links

Favorite Pages

Recent Articles

  1. Use Bookkeeping Services to Prepare for these Tax Changes in 2015

    There are a number of tax changes on the horizon in 2015, which increases the need for bookkeeping services.

    Read More

  2. High Consumer Debts Illustrate Need for Personal Bookkeeping Services

    Consumer debts are rising at a record pace, which illustrates the growing need for personal bookkeeping services.

    Read More

  3. Bookkeeping Questions and Lessons from American Realty Capital Scandal

    The recent scandal with the American Realty Group highlights a number of bookkeeping questions investors need to ask.

    Read More

Bookkeeping Forms

Bookkeeping Test

Like Me on Facebook
Follow Me on Twitter
Pin Me on Pinterest
View Me on LinkedIn
Sign Up For My Newsletter
Subscribe To My Blog

Subscribe To Blog

[?]Subscribe To This Site
  • follow us in feedly