Just to gain further clarity...
Aunt passed June 9th 2023
Probate is getting ready to file final accounting
House sold by estate in June 21st 2024.
Sold for 229k
Cost dod 220k
Selling fees $10,093
Capital loss of $1,093
Executor picked fiscal year of June 9th, 2023 through May 31st 2024 (No 1041 because no income for estate)
Fiscal year June 2024 through May 31st 2025 will show income from house sale (1099s substitute form 229k house sale)
Beneficiaries will receive a k-1 showing capital loss regardless of them receiving the proceeds from this house?
