The estate received the distribution and then passed income to us (my wife is the inheritor). The K-1 doesn't have anything in box 5. The only boxes with content on the K-1 are 1, 2a, and 14, and they account for interest income and ordinary dividends, with amounts that are far smaller than the distribution we received.
Re: the question we asked, we asked the estate executor. From your answer, it sounds like there should have been something in box 5 on the K-1. However, is it possible that the estate had sufficient deductible expenses that the taxable income for box 5 was reduced to zero? Or is that unlikely?
