- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Estate Schedule K-1 with no distribution
My mother died in 2018 and in her will, left me, among others, a specific monetary bequest, the residual going to a scholarship fund. I received the exact amount specified in 2019 and signed a release indicating that I had no further claims on the estate. I filed my 2018 taxes in Feb 2019, and am now learning that the estate may be issuing a K-1 Tax Form to me. I assume this will show no additional income for me as I have received only what was bequested and I do not expect to ever receive any additional money from the estate.
If the K-1 shows no distribution to me, will I have to amend my taxes to account for the estate report to the IRS despite it showing no distribution?
March 4, 2019
12:51 PM