My father passed away on May 30, 2019, and I'm preparing the estate’s Form 1041 as his executor.
The estate received income in both 2019 and 2020, so I plan to file an initial return for 2019 and the final return for 2020.
In 2019 the estate had capital gains in the form of dividends, and in 2020 the estate had a capital loss from the sale of real estate below fair market value. Can I carry over the capital gain from 2019 to help offset the capital loss in 2020 when I file the final return?
Thank you!
