Date of Death 2017
Only asset was home which was sold in April 2018 for a LOSS
South Carolina required probate
PR /Executor became ill and died in 2019
Next Executor has paid all the expenses and distributed SOME of the funds from the house sale in 2019 / 5 beneficiaries
continued paying legal and probate fees in 2020 but is trying to close the Estate and distribute the balance of $20K to the 5 bene/
Question/
File all years / 2018/ no income / no distribution
FIle 2019 with distributions and no income to bene but a LOSS on the house? can they now take it in 2021
just file a 2019 when sale occurred and issue 2019 K-1? with loss even if the bene can't take it?
I have a feeling the probate court will want a final return in 2021 when the balance of the funds is distributed?
Any feedback or assistance is appreciated!
