K-1 forms- for a decedent estate when income is negligible but proceeds from sale of home are disbursed, under which number is this disbursement entered? As of now, the TT business and Estate product for the State of CA appears to include the disbursement as a number which appears to include the proceeds of the sale, not excluding mortgage payoff under 14 d. The disbursements are greater than the actual disbursement amount .
Also, if different beneficiaries received specific assets would a loss from the sale of the house (cost of sale basically) still be distributed evenly between all beneficiaries, even though some were left interest in other possessions but not the house? That is how the loss was distributed on the K-1 form.
