Hi,
My Mom's estate has been closed for about 6 months. We recently received a 2nd check from a security settlement in her name for $584. I have been told that since the total amount received after the estate closed is less than $600.00, I distribute 50% to my sister and 50% to me as the will directed. I was also told I need to report my half of the $584 on my tax filing as income, as does my sister. If this check came in while the estate was still open, the $584 would have been taxed as part of my Mom's final 1041 I think.
My question is where do I report this income on my taxes? I would guess either line 1h or 23 of my 1040 SR might be the place.
Thank You for your help,
Mark
