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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.
March 19, 2023
5:14 PM