So my father passed away in Nov of 21 creating an estate. He had no will, an estate attorney handled the estate tax return. HR block did the 2021 1040(agent my parents had used for 20+ years). I did the 2022 1041 as a first/last with turbo tax business.
I was the sole beneficiary and executor of the estate, I thought I had read when the estate closes I would just be able to treat the income as personal income for my next 1040 with the schedule E.
Probate ended 3/24/23, the estate attorney said I didn't have to transfer the deed because I was the sole beneficiary and executor, but I requested the deed to be put in my name which went through on 6/28/23.
So first, did I make a mistake with the 1041 listing it as the final year because probate ended in March of 23?
If so, does this mean I need to amend the 2022 1041?
If so, does this mean I need to file a 1041 for the first 3 months of 2023?
Doing my 2023 returns with turbo tax I am a little lost on the "Situation's" does it count at first year rented for me, if the existing tenants have been there 10-15 years?
If it does count as first year rented, what would be the in-service date 1/1/23 or 3/24/23 or 6/28/23?
I know there is even more with trying to figure out depreciating the asset, but I haven't even got that far yet.
