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Schedule K
Hi, my mother passed away back in 2022. I finally got the estate stuff settled late last year and received the pension she had from a past job as the sole beneficiary (44k). She had no other assets, such as interest income or dividends. Simply non-business income. I received a Schedule K-1 from the tax person I used to settle the estate recently, and I was given advice from a family member to amend my tax return for this year.
I live in North Carolina, and from my knowledge, it was a non-taxable estate when it came to inheritance, but between that and the federal, I owe about 10k when I put in the numbers on Turbo Tax here. Is this correct? And how does it work? Am I even supposed to file it on my tax returns?
Saturday