sonnynoah
New Member

After you file

Both parent passed away,House was left to me and my three brothers.  Mortgage was paid in full,so we owned it out right , I ended up staying there with my family while we fixed it up and paid all the taxes, utilities and upkeep.Also had to fix what she never had a permit for and get it to where it was legal and allowed to sell exactly as it was.  Sold it but we took a loss because it was getting to expensive to keep up with taxes and my own expenses. So my brother called me to tell me that I need to do a K1 1041 with my tax return, he said we took a loss and we were t sit it 4 ways.So My sure was about 8000, since I already did my taxes and k ew nothing. About this  K1 he told me to amend it and then add this new information and I should get a good amount back. This is IRS very confusing and it makes no sense, jist womdering if anybody knew off hand how much I should get back, already received my tax return for this year so I know This will only be additional money coming.   Just seewant no of anybody has an idea if I’ll get back a good amount or very little... ok thanks you