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Deductions & credits
So, would I do the amendment for this year as suggested on top of my standard W-2s, or would I wait until next tax season since I just got the 1041? Also, how did I end up owing for the state? That's the part I don't understand since I live in a state where the inheritance isn't taxed. Both the state and federal calculated to where I owe 10k where I didn't even receive over 50k much less in the millions. I thought inheritance wasn't supposed to be taxed under a certain threshold. The money itself wasn't even accruing interest. Also, should the tax have been taken out upon pay out before I even got the money if applicable?
Saturday