Yes, the gain or loss is reported on K-1. It is very hard to believe it is zero. I am stuck on the first sentence. Why is the sale of a home nontaxable? Did the decedent sell it before passing? Then it goes on the final return. Was it sold after passing? Then it was part of the estate and may well have a capital gain. Did you sell at a loss? Then the k-1 should show the capital loss.
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