My father's Estate sold home in an "as is" sale. Property was never deeded to beneficiaries and sold within 3 months. The estate gave each beneficiary a K-1; Line 11 D is the only field that has an amount. I see how to enter the K-1 amount in TT. It's generating a capital loss ($3000 max). Is this correct? Estate Accountant said it would be a Wash
Do I have to enter the sale of the home somewhere else or additional fields ? or the cash I received from the estate selling the home?
