Business & farm

Let me clarify.  There was inheritance pushed out to beneficiaries from the Trust, but again, inheritance is not taxed unless it's around $12 million and no inheritance tax in the states distributed. An attorney on youtube also mentioned inheritance does not get K-1, but rental income would.  After you stated what you did, now I wonder if K-1s are required or not in this case? That is why I ask the question.

 

Thank you.