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It depends. Sale of estate can mean many things. If you inherited a house and sold it, it goes on sch D. If you sold stock you inherited, sch D. If the estate sold stuff and gave you money, the estate will give you a k-1 to put on your return, if needed.
My father died, I am a benefic of a annuity. this is inheritance, right? only 30k , have to report to my tax return, is it?
Yes, you have to report the annuity you inherited on your tax return. You should have received Form 1099-R reporting your inherited annuity.
Here's how to enter your 1099-R in TurboTax:
@lli212
in the form of cash from a trust
@whyis44 what is the question?
Inheritance was from my deceased brother-in-law and was a cash amount under $500 presumably from a taxable investment, such as a retirement plan or an IRA through the Knights of Columbus.
Yes, this is taxable because it's an inherited asset. Report it as other income.
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