Ruruka Posted April 7 Report Share Posted April 7 I have a joint bank account (checking) with my mother, who passed away last year. As the surviving owner I now have sole ownership of the account. Does this count as income and if so how do I report it? Thanks! Quote Link to comment Share on other sites More sharing options...
Curmudgeon Posted April 7 Report Share Posted April 7 A bank account is an asset not income. No need to report the complete ownership but if it pays any interest, you are responsible for reporting 100% of that. Quote Link to comment Share on other sites More sharing options...
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