An estate return, Form 1041, has a place to enter Home Sales in the income section.
It asks you if the home was used for personal purposes, and if it was used for investment.
When you report a home sale there it will create a Home Sale Worksheet.
If it is sold at a loss, there will be no reportable gain or loss, so it will not flow through to the K-1.
If you have no 1099-S, you do not need to report it if you file the 1041.
If you do have a 1099-S in your name, you should report it on your personal return as suggested by HelenC12 above.
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