topic Thank you! in Retirement tax questions

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.

gldiorio — Wed, 05 Jun 2019 18:48:46 GMT

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).

generally cash received out of the decedent's estate as...

pk — Wed, 05 Jun 2019 18:48:47 GMT

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.

Thank you!

gldiorio — Wed, 05 Jun 2019 18:48:49 GMT

Thank you!