@Leaminda wrote:
I wonder to myself here what the K-1 would state that would delineate that it was not taxable to me.
If the income is not taxable to you, then it is likely you will not receive a K-1 (a K-1 is used to report income, gains, deductions, and credits).
If the income is taxable to you (i.e,, it was passed through from the trust or estate (there is clearly some confusion here as to the type of entity)), then the K-1 will have a figure in Box 5 (as @dmertz stated earlier).
