TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Solved

Form 1041

Forum|Forum|2 months ago
April 15, 2026
1 reply
96 views

I’m the executor of my sister‘s estate. She passed away April 8, 2024. I have filed her personal taxes and now all that’s left. Is to report the sale of her home. Is that considered income? Or do I just report it on form 8949 that transfers over to schedule D? And then generate a K-1 form for the only beneficiary? Does the beneficiary then also have to claim the proceeds or any other money they will receive? I have to say I’m extremely confused and I have read the instructions, looked at questions and answers online, I have a program that’s supposed to help me and I just feel like I’m going in circles.

Benefit Assist Online

Best answer by M-MTax

Expert Reviewed

Yes, the sale is reported on Form 8949 and Schedule D and, if this is the final return, the K-1 should show the distribution to the beneficiary of any gain recognized. The distribution of corpus (principal) is tax free to the beneficiary.

M-MTaxAnswer

Level 15

Expert Reviewed

Yes, the sale is reported on Form 8949 and Schedule D and, if this is the final return, the K-1 should show the distribution to the beneficiary of any gain recognized. The distribution of corpus (principal) is tax free to the beneficiary.