rjs
Level 15
Level 15

Retirement tax questions

@jensen.steve40 - It's not clear whether you have an inheritance, which would not be taxable to you, or IRD, as described by SweetieJean below, which would be taxable to you. Your situation may be different from that of the person who posted the original question.

On the Schedule K-1 (Form 1041) that you received, what box is the income in? If there is a code in the small box to the left of the amount, what is the code?