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Pooledon
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How to enter capital gains from estate sale with multiple heirs

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How to enter capital gains from estate sale with multiple heirs

If the estate sold the property, it is simply reported on the estate's 1041. whether the income can be distributed is a matter of state law and the trust instrument. 

How to enter capital gains from estate sale with multiple heirs

You really need to give more details.

 

"Estate sale" -- the heirs sold all the stuff in the decedent's house and split the money?  

 

Or estate as in, the estate (a separate legal entity that comes into existence when a person dies) sold some property, and wants to divide the proceeds among the heirs?

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