I am executor of my mom's will. I have sold her home and need to distribute the proceeds of the sale among her beneficiaries. How do I file taxes on her estate?

[sandraangelica]

File taxes for an estate?

[tagteam]

You can file a Form 1041 for estate to report the transaction.

See https://www.irs.gov/instructions/i1041#en_US_2023_publink1000285942

[tagteam]

If you have never done this before, you might want to consult with a local tax professional.

See https://taxexperts.naea.org/expertdirectory

[fanfare]

If the estate income was less than $600 in 2024,

you don't need to file a 2024 estate return.

[tagteam]

@fanfare 

if the home was sold by the executor (personal representative) of the estate, then the estate likely has gross income of $600 or more but, regardless of that, the transaction would have to be reported to establish the sales price and basis.