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Get your taxes done using TurboTax
A K-1 from an estate can include income that is taxable such as dividends, capital gains, business income, and more. The K-1 that you entered reported income that increased your federal taxes due. It is not correct that no federal taxes would be owed for receiving an inheritance that was reported on a K-1.
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‎February 27, 2023
6:44 PM