It is calendar year 2023. We were told by the executor to get an extension, because we'd be getting a K1 from the accountant for the estate. We were told they had no idea what the taxable amount would be until after the accountant filed the taxes for the estate. We were just told that it shouldn't be much. So my question is still, will I have to pay penalties to both Fed and State? Seems unfair to have to pay before you even know what you owe. I received the inheritance just this year (2024)
