I’m currently perplexed about how to enter the sale date of my mother’s home after she passed away. It is a bit confusing. She passed away on December 31, 2022. (The day before 2023) It happened suddenly. It took eight months to get her house, cleaned out and get her home sold. It was her only asset. I am currently using TurboTax 2023 to figure her estate taxes with the step up information however, whenever I put in her date of sale, it states that I’m not in the right parameters. Does this mean I need to use last years turbo tax estate program. I do have it.
Thank you. Teri
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Home and business can't be used to prepare an estate/trust return. For that you need Turbotax business - Full PC - no Mac. An online version is available with live help (more expensive)
desktop -PC would likely also need Windows 10 or higher 64-bit version of OS
https://turbotax.intuit.com/small-business-taxes/cd-download/
with live help online
https://turbotax.intuit.com/personal-taxes/online/live/business-taxes/
for a first-year estate you can choose a year that starts in 2022 and ends within one year for example 12/31/2022-12/30/2023. if you elect a calendar year then a return might be due for 2022 depending on whether or not she had income on that day.
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