Received a form 1041, is the amount shown the taxable part of my sister's inheritance disbursement?

[SabrinaD2]

Form 1041 reports the income, deductions, gains, and losses of an estate or trust. The amount shown could include taxable income distributed to beneficiaries such as your sister. Check the accompanying Schedule K-1 (Form 1041) to see the specific taxable amounts allocated to each beneficiary.

For more details and to use a IRS calculator to determine taxability, you can visit the IRS page on inheritance