True, that the Final Schedule K-1 of the Estate's Form 1041 could, at the option of the Personal Representative, pass the gain onto the K-1 and the beneficiaries. However, considering the low sale price and therefore a strong supposition that the Estate's Form 1041 Income is likely to be minimal, and considering the different interests of the beneficiaries (and particularly the individuals' differing sensitivity to tax liability) it is common that the tax liabilities are handled, and for simplicity, at the Estate level.
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