Accountant-Man
Level 12

Let Carnak the Great try another guess. Line 5 other income on the k1 is often used for the reporting of an IRA distribution received by the estate. It is not investment income, but it is taxable ordinary income.

Do you know what asset was owned by the estate, a pension or IRA that did NOT have a beneficiary designation, thereby causing the estate to report the income?

** I'm still a champion... of the world! Even without The Lounge.