My mom died on 5/28/2021. I was told by this group that when I file the estate taxes I need to file for tax year 2021 assuming I would settle the entire estate by June of this year 2022.
I am in the process of navigating through Turbo Tax Business 2021 and the section where I report the sale of my moms home asks if I sold the house in 2021.
The house was listed for sale in 2021, entered into contract in 2021 but due to several factors we were unable to close until February 2022.
So how do I report this as I do not see any option other than answering yes or no to the question "Did you sell a home for this estate in 2021?"
Help! 🙂 I spent $160 purchasing the 2021 software and it looks like that was not the right software. I only bought it based on the advice I was given on this site when I asked what tax year I would need to file and I was told 2021. I tried entering the 2022 date and turbo tax software told "No Way!" 🙂
