You mentioned the estate was "closed" in March 2023 and that you have had a lawyer and an accountant involved. With that in mind, assuming you have an ongoing relationship with your accountant, s/he should have inquired about preparing a "final" 2023 fiduciary tax return, Form 1041, given the size of the estate. I assume the 2022 Form 1041 was NOT marked "Final"?
Your lawyer/accountant/financial adviser were not exactly technically correct when they said none of the money you and your sibling received was not taxable. The corpus (principal) is not subject to income tax, but the income is. In the "Final" year, the estate's income is always distributed to the beneficiaries and taxed at the heir's level.
I have never used the TurboTax Business software. But I'm quite confident that TT Business can handle such a simple 1041 tax return. If the Estate paid the lawyer and accountant their fees in 2023, then the estate should be able to deduct those fees on the 2023 1041 tax return. Who knows, that MAY mean no net income for the estate and no income to be distributed on the K-1. Good luck!
