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New Member
posted Oct 13, 2023 10:59:25 AM

How to figure 2023 estimated for beneficiary money received in 2023?

I need to figure 2023 estimated taxes for monies received as beneficiary during 2023

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4 Replies
Level 15
Oct 13, 2023 11:11:19 AM

Beneficiary of what? A trust or estate? A retirement plan? From where is the money originating?

New Member
Oct 13, 2023 11:22:24 AM

Money was from accounts of family trust that I was listed as beneficiary 

Level 15
Oct 13, 2023 11:35:05 AM

You should contact the trustee and request an accounting and some indication of the proceeds you will be receiving and whether or not the trust will pay any tax due on trust income/gain.

Level 15
Oct 13, 2023 11:35:43 AM

It may or may not be taxable.  The trust or estate might have paid the taxes.  Do you know if you will be getting a K-1 from the trust to enter into your tax return?