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Get your taxes done using TurboTax
An inheritance is not taxable on a PA income tax return. However, it is used to calculate your eligibility for the PA Tax Forgiveness Credit. If you received a K1 from the estate administrator, that income IS reported and taxable on your individual PA income tax return. The K1 reports income earned by the estate prior to its distribution to the beneficiaries.
‎June 1, 2019
10:56 AM