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Deductions & credits
This is a very adversarial situation. If the sale happened while property rights were still in estate/before probate was closed would that result in proceeds being capital gains losses only? Which form do we use? If sale is simultaneous with closing of probate does that make proceeds defined as income (as well?) Where, which forms do we use? Executor is very adversarial as is estate lawyer.
May 25, 2021
5:09 AM