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Level 1
posted Apr 3, 2020 11:27:29 AM

Inheritance beneficiary tax requirements

I am one of several beneficiaries of a deceased relative living in Washington.  I just received a Schedule K-1 from the Fiduciary that lives in CA.  There are entries in sections 5, 11C, and 14H.  Is this a federal form I need to file or CA state?  I live in TX, where there is no state tax, does that matter?  Not really sure if I am required to file in CA, Federal or not file at all?  Any help would be appreciated!!

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1 Best answer
Employee Tax Expert
Apr 3, 2020 11:49:12 AM

Your Schedule K-1 is reported in your Federal return.

 

Click this link for instructions on How to Enter Form K-1. 

1 Replies
Employee Tax Expert
Apr 3, 2020 11:49:12 AM

Your Schedule K-1 is reported in your Federal return.

 

Click this link for instructions on How to Enter Form K-1.