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Deductions & credits
If your brother had NOL before his passing, that would be reported on the K-1.
If the house was inherited at that time, the sale would not be reported on the K-1.
If the value increased or decreased from the date of passing until it was sold, that would be capital gains or loss for the person that inherited it.
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March 10, 2020
7:49 PM
10,219 Views