You would need to report this into an estate tax return, form 1041. This is a separate Turbo Tax product that would need to be purchased to report this type of activity. Once the 1041 is complete, there will be K1's issued to all of the beneficiaries. If you are a beneficiary, the income will be passed on entirely to you.
Once you have a K1 in hand, you will report this on your individual 1040 return. You won't be asked all those annoying annuity questions.
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