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April 11, 2024
Question

Can I exempt an inheritance from income that was reported on a 1041 K-1

  • April 11, 2024
  • 1 reply
  • 0 views
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1 reply

M-MTax
April 11, 2024

What do you mean by exempt an inheritance on a k-1? Enter the k-1 into the program. If there's taxable income or gain on it you can't "exempt" that in any way.

April 14, 2024

Thank you for the  information. Just have to pay my taxes😟