Cynthiad66
Expert Alumni

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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