I received a share of real estate sales sold by an estate. Taxes were paid by the estate. Where does this need to be entered?

svc — Thu, 06 Jun 2019 09:35:54 GMT

Income and expenses for an estate are generally reported...

AmyT — Thu, 06 Jun 2019 09:35:55 GMT

Income and expenses for an estate are generally reported by the estate on a fiduciary return (Form 1041). As a beneficiary of the estate, your share of these amounts (if reportable by you) will be included on a K-1 from that fiduciary return.

Depending on the election made when the estate received it's TIN (taxpayer identification number), the estate may have a year end that is not December 31. If this is the case, the return will be due 3 months and 15 days after the fiscal year end of the estate. Additionally, you may not be required to include the K-1 on your 2016 return.

It would be a good idea to contact the executor of the estate to determine whether you will receive a K-1 that needs to be included on your tax returns before filing the returns.

topic I received a share of real estate sales sold by an estate. Taxes were paid by the estate. Where does this need to be entered? in Deductions & credits

I received a share of real estate sales sold by an estate. Taxes were paid by the estate. Where does this need to be entered?

Income and expenses for an estate are generally reported...