First part: My mother died in March of 2019. I am the sole beneficiary and was also made executor of her estate. She had a primary house that I sold in November. Does the step up cost basis include the expenses (i.e. county taxes, title insurance, escrow fees, etc) or are the expenses considered a "loss"?
Second part: Does any part of the Estate tax return flow through to my personal tax return? After I prepared the Estate tax return, Sch K-1, part 3 was blank.
Thanks!
Nicole
Nicole
