Neither VA nor FL has an estate tax for estate's less than $5.2 million; as such taxes are not generally due on inheritance and if the estate exceeds that amount, it is typically paid for by the estate.
If the trust or will provides the beneficiaries are to pay taxes due on the inheritance (ie income tax) the K1 will indicate the amount; it will depend on how much of the interest is based on interest, for example (as the principal amount would not be taxable given the exclusion)
It is the duty of the trustee/executor to provide the K1 in a timely fashion and if they fail to do so they can be requested (and court ordered) to pay for any penalties attributed to the failure to promptly issue a K1. It is presumed to be unreasonably delayed after March 15 of the following year.
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Information provided is for educational purposes only. Consultation with a personal attorney is always recommended so your particular facts may be considered. Thank you and take care.