what s the difference between inheritance and ird 
inheritance is property bequeathed to you by a decedent income in respect of a decedent or ird is income that was owed to the decedent but wasn t received by them before their death that income may go to the beneficiary for example a required minimum distribution from an ira that you are to inherit that was to be taken by the decedent the year the decedent passed away will have to be taken by you while you don t normally owe taxes on inheritance you will owe taxes on ird that you receive 