I received money from my sisters estate. What do I need to do ?

[Anonymous_ · Accepted solution]

If the money you received is taxable to you, then you should have received (or will received) a Schedule K-1 (1041).

You can contact the executor (or administrator) of the estate and inquire as to whether you will receive the form and the source of the money you received. Generally, however, an inheritance is not taxable.