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In keeping with most accounting ideals: The reovery of basis on the item you are seeling for a gain would be an asset, listed as such on the balance sheet. The amount above basis, which becomes you gain, is expected income. Inheritance, presuming your just waiting for a distribution and the estate is settled, is also an asset. (If your just really still a beneficiary and the estate isn't settled, I don't think you meet the "all events" test to claim it as anything). I'm not sure what "regular" money coming in is, but it sure sounds like a source of income.

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โˆ™ 2007-02-23 02:25:22
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The top term of a fraction

The bottom term of a fraction

A number being added to another number

A fraction whose numerator is equal to or greater than the denominator

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Q: Is capital gain or an inheritance considered regular income on bankruptcy form 22a line 10?
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