Was there a death in your family? Have you received some money from the estate? Don’t be in a hurry to file your personal tax return. Ask the estate representative if you’ll be receiving a K-1. Most of the distributions you receive from an estate probably won’t be taxable, but there could be some taxable income reported on a K-1or 1099. Sometimes the K-1 even reports a loss. You’ll need to include that income or deduction on your own tax return. (March, 2017)