How do I report income from an estate if I did not receive a K-1? I received a "net share of the state as reflected on the Probate Accounting" last year.
When I contacted the executor, he said the estate would not be issuing K-1 forms because the estate had less than $15 in income in 2018. I'm not sure how to report what I received, though (It's under $1,000).
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1 Best answer
pk
Level 15
Jun 5, 2019 11:48:47 AM
generally cash received out of the decedent's estate as inheritance is not a taxable item -- you do not need to report anything. A K-1 is issued only when the Estate has income on which taxes are to be paid by the inheritors or similar pass through situations.
2 Replies
pk
Level 15
Jun 5, 2019 11:48:47 AM
generally cash received out of the decedent's estate as inheritance is not a taxable item -- you do not need to report anything. A K-1 is issued only when the Estate has income on which taxes are to be paid by the inheritors or similar pass through situations.