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Get your taxes done using TurboTax
@fanfare , the sale of the house goes on the estate income tax return because, presumably, the house was never distributed from the estate. It was instead sold by the estate. Any capital gain or loss relative to the date-of-death value passes through to the estate beneficiaries on Schedule K-1 (Form 1041) as long-term capital gain or loss.
‎February 22, 2022
1:58 PM
1,800 Views