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When to file 1041
A deceased parent's home - who died in 2020 - has been sold in April 2021. It was in a trust and left to beneficiaries. Due to COVID delays, the home was not on the market and and not sold until this year. The home increased in value from date of death of the deceased parent so there is capital gain effective April 2021. The estate has no other earnings for 2021 (no earnings at all in 2020) as the home was vacant. When does the 1041 etc get filed and the capital gain get taxed? I'd like to file now but the only existing 1041 forms from the IRS are for 2020 and prior years.
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‎April 26, 2021
6:26 PM