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Get your taxes done using TurboTax
Thanks Mike. The trust did get a new EIN upon death which is reported on the 1099-S for the home sale.
I know this is a TT forum, wondering though if I can do just the estate return separately on my own and complete each form needed and just use TT Deluxe for my personal 3 returns. Do I have to do a software program to get past the $3k cap loss limit?
I did check "FINAL return" on the 1041. Is it considered a Complex trust with just the one sale?
On the K-1, I put each beneficiary's share of the loss on line 11 with Code D, is that correct?
I do the estate 8949 as executor?
Ii appreciate the help.
‎April 4, 2023
3:38 PM