You'll need to sign in or create an account to connect with an expert.
Interest income from a K-1 that you received from 1041 is taxable income.
Your CPA may have been talking about the inherited assets being distributed to the family members which is not taxable income to them.
Interest income from a K-1 that you received from 1041 is taxable income.
Your CPA may have been talking about the inherited assets being distributed to the family members which is not taxable income to them.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
kritter-k
Level 1
TD2023
Level 2
NeedHelp619
Level 1
D7knight2
Level 2
SMM17
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.