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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.
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.
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