So he has until May 15 to file the 1041 unless he file the extension? I'm only taxed at long term capital gains rate right because I'm really only getting a taxable income of amount from the date the house was appraised at his death until we sold it? We got it appraised at $510k when he passed. We sold it later at $551k, but got $515k after closing costs. So I was told because it is an inheritance and desendant thing it is long term capital gains and in this case because I did not work in 2022 and my income is less than $41,675 which includes what I believe would be a taxable amount of $5k overall and $2,500 for me? I was told I essentially pay zero % in this case?
Where are you seeing his deadline for the 1041 is May 15?
