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Get your taxes done using TurboTax
@DaveF1006 wrote:
To clarify, when was the estate created?
No need for clarification as the estate is created at the moment death occurs.
@DaveF1006 wrote:Your house sale will be reported in 2022.
The sale of the house can be reported on a fiscal year 1041; one that began in 2021 and ends in 2022 if there are no other transactions beyond April 30, 2022.
@DaveF1006 wrote:The estate tax is reported on IRS Form 706 and you may need to file this for 2021 if there was a transfer of assets that took place.
Form 706 is for estates the value of which exceeds $11,700,000 (for 2021).
‎February 22, 2022
2:28 PM