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Get your taxes done using TurboTax
Inheritance tax paid by the estate on behalf of the estate beneficiary is part of the beneficiary's inheritance, not income to the beneficiary. However, if the estate received taxable income and passes that income through to estate beneficiaries as Distributable Net Income, the beneficiaries will be responsible for the income tax on that DNI. Two separate things.
‎January 21, 2025
2:06 PM