I always hesitate to answer these because tax questions are like

decision trees. If yes go one way, if no, go another. I think yours if fairly common because a lot of trusts have been set up by one spouse for the benefit of the other for the survivor's lifetime. At least your trustee did not drag things out like a lot of them seem to do. For a lot of trusts after the death of the income beneficiary they can be settled fairly quickly.

In response to this post by JoesterVT

Posted: 12/31/2021 at 6:43PM

One more (time sensitive) inheritance question... -- JoesterVT 12/31/2021 11:20AM

The date of the disbursement is the important date. -- GreenvilleVT 01/01/2022 08:43AM

Contact the trustee and find out if you will be getting a K-1. If -- vawter85 12/31/2021 4:01PM

This was my experience… ** -- SDHokie 12/31/2021 6:59PM

Ugg...I liked what the other guys said better... ** -- JoesterVT 12/31/2021 4:19PM

I always hesitate to answer these because tax questions are like -- vawter85 12/31/2021 6:43PM

You should have received a form K-1 or 1099 that tells you how to report it ** -- lchoro 12/31/2021 3:37PM

Not taxable unless the estate is MUCHO Huge.... ** -- UTPr0sim 12/31/2021 2:49PM

That's very surprising, and cool. Thanks. ** -- JoesterVT 12/31/2021 2:59PM

Over $11.7million in 2021. IRS Info Linked -- UTPr0sim 12/31/2021 3:11PM

I don’t know the whole situation, but in general it’s not taxable. -- Hokieesith 12/31/2021 2:37PM

I'm not an expert, but I think estates are taxed on the decesed and not... -- Spud 12/31/2021 11:36AM

I always hesitate to answer these because tax questions are like

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