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Business & farm
Also, sale of real estate for a decedent is typically reported on Form 1041 by the Estate and then carried through the 1041 K-1 to beneficiaries to report on their personal 1040 returns based on their allocation of the sale.
If the residence was not used as a personal residence, it must be reported as a capital gain or loss on Form 1041 of Schedule D.
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March 5, 2023
4:01 PM