"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."
It was sold as a loss. I did receive a 1099S made out to the estate. If I understand correctly, I file the estate tax 1041 and report nothing on my personal taxes. Is that correct?
The home wasn't for a business gain/loss so no K1 on my personal taxes. I just want to make sure.
Thanks
Bill
