My mothers estate has no income and no capital gains, do I still have to fill out the form 1041? The only asset was a house, which sold well under FMV due to how dated it was inside. The sale took place just under 6 months after her death. The proceeds will be split up amongst her children.
I have already filled out her personal tax forms 1040 which had little income and well below the personal exemption. She has not paid any taxes in years. I plan on sending in these tax forms by mail.
Do I need to send in a form 1041 with all the attachments to show that there is no income and no capital gains?
Thank you!
