So correct me if I am getting the idea you are trying to convey: The 91000 that was given out to reimburse payments for taxes is to be distributed as gifts to each person. I would have to file a gift tax form. How would I report this in the final return of dad's estate so that it will not show as undistributed net proceeds which could be taxable in following year? I also had a loss of over 11000 because of the difference between the basis and the sales price. Turbo tax in review said that I could claim the loss by carrying it back for a refund but i'd have to file a certain form. Can you tell me what that form is? It disappeared before I recorded the form number and now I can't find it. I can't think of anything else that hasn't been disclosed--oh, my father had written a letter to each of his siblings heirs stating his intentions, and we have a copy of that with his papers. I really appreciate your help.
