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Old 04-02-2015, 07:56 PM
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K1 and trust distribution

I received a principal distribution for 100,000 last year from my mothers trust. This was not earned income. My K1 shows that 100,000 on line 5. My tax preparer states that this is taxable income, but I don't think it should be. Is the K1 wrong or my tax preparer?



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