I don't need an anvil.  But thanks for offering.

The mother of the five children had land that was sold and one child took land instead of cash.  The rest got the amount the their 1/5 was worth.  The land sale showed no gain or loss because it was sold for the amount it was valued at  the probate.  The rest of the money has not been distributed.  Since the money received is not taxable do I still have to do K-1's?