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K1 distribution taxable?
My husband was in a partnership with some friends where they each paid a monthly amount and invested in the stock market. He passed away and a few months later I withdrew the money. On the K1 there is nothing in any of the boxes in Part III, only Parts I and II. I inherited the partnership as the beneficiary but I am still the surviving spouse. Is the distribution taxable? Also, when I got the K1 form, it’s in his name not mine. Will this cause any issues?
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June 4, 2019
7:00 PM