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I inherited money from a trust, where and how do i file it with taxes? its not a 1099

what do i file the income of the distribution under?
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2 Replies

I inherited money from a trust, where and how do i file it with taxes? its not a 1099

An inheritance is not taxed or reported. 

I inherited money from a trust, where and how do i file it with taxes? its not a 1099

Did you get a K-1 for it?  You need Premier to enter a K-1.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

 

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