My father-in-law died in 2020. In 2021 we received a final cash inheritance which came from his IRA. This was divided up 4 ways each equating to $50,000. My brother-in-law is the executor of the estate and was told we do not need to claim this anywhere on taxes. We already filed our 2021 and now we received a 1041 Schedule K-1 form from him. Are we supposed to claim this amount of inheritance?? Are taxes owed?? Very confused. Any suggestions would be helpful. I live in Michigan
