JohnB5677
Expert Alumni

Deductions & credits

This may be complicated.  Please give us some guidance by answering these questions.

  • Did the executor issue all three recipients a 1099 R for the full amount? 
  • Were the estimated taxes paid by each of the three individuals, or as a lump sum?
  • Was there a trust?
  • Did the executor give each of you an option for a lump sum, or periodic payments?
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