Note also that you could use a fiscal year for the estate which would allow you to file one 1041 (an initial and final return). The fiscal year could run from the date of death in June of 2022 through May 31, 2023.
K-1s could be issued to the beneficiaries with a year-end date of 2023 which means they would include any gain (or loss) on their 2023 individual income tax returns.
