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hill-crest
New Member

Do we have to pay taxes on estate income? and if so, how much is tax free each year? Where do I report the income?

 
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MaryK1
Level 9

Do we have to pay taxes on estate income? and if so, how much is tax free each year? Where do I report the income?

It depends- see below.  If you received a Schedule K-1 you must report the income on your personal tax return.

https://ttlc.intuit.com/replies/3300108



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1 Reply
MaryK1
Level 9

Do we have to pay taxes on estate income? and if so, how much is tax free each year? Where do I report the income?

It depends- see below.  If you received a Schedule K-1 you must report the income on your personal tax return.

https://ttlc.intuit.com/replies/3300108



**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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