My mother passed away on 2022.
I am the representative and the beneficiary of my mother’s estate. I received a 1099-S for the sale of my mother’s house. No gain or loss on the sale. No other income.
I am having major problems with Form 1041 deductions on line 15a. I have read so much on the internet regarding this that I am totally confused on what I can use.
Can you please help me out?
Are any of these items deductible?
Closing costs:
1) Wisconsin Transfer Tax to Register of Deeds
2) Home Warranty to Universal Home Protection
3) Real Estate Commission-Listing Agent
4) Real Estate Commission-Selling Agent
5) Title-Gap Endorsement to Land Title & Closing Service LLC
6) Title-Owner Title Insurance to Land Title & Closing Service LLC
7) Title-Special Assessment Letter to Land Title & Closing Service LLC
😎 Title-Adjustment for Owner's Premuim.
Thanks
I really need help. Please email me back a response.
