Mom passed away in 2018. She hardly had any income. Her assets are currently still in probate, car, house and bank assets. The only two beneficiaries are my sister and I. We remodeled and sold the house last year. We also sold the car. I know we need to file tax return for the captain gain from the step up to the sold value.
Court hearing is August 2021 this year so no distribution happening yet.
1. Is the final tax return for my mom still needed to file since she did not have any income?
2. Is K-1 still needed for me and my sister since distribution hasn't happened yet.
3. What are some of the items that can be listed as expenses? So far, I have accounted everything related to the house and car like remodeling cost, property tax, realtor & escrow fees, home insurance, car insurance, electrical bills, gardening maintenance, attorney fees, funerals. Any thing else I can include?
