3647999
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

legal award settlement required to file tax

as trustee,I have received an award settlement (14K) payable to the trust which filed a final return 1041 3 years ago....the award settlement was based on proving heirship to the deceased  and I am one of 3 beneficiaries that are heirs ....do I even need to file taxes since it is inherited ..or can I just distribute it.....I deposited the check into the trust acct which is not accruing any interest and that I planned to close...

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

Unlock tailored help options in your account.