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Business & farm
@XAM330 wrote:I am thinking I should tell them not to give it to me until next year.
That might actually be a useless request and you should speak with the attorney with respect to the timing of the payment.
The reason being is some estates/trusts are required to distribute certain amounts to beneficiaries and, if that's the case here, you will receive a K-1 with a figure reportable on your 2025 return whether the $33,000 is distributed to you in 2025 or not.
Ref: Section 662 - https://www.law.cornell.edu/uscode/text/26/662
In short, if the estate is required to distribute the $33,000 currently, you'll need to report it on your 2025 return even if you delay payment until 2026.
‎November 25, 2025
11:35 AM