1041 Tax filing for Estate

[SK47]

My Mother Passed away on June 26, 2022....Her home was sold 1year and 2 months later....She was not living in her home when she passed away.  We have a simple trust....There were no investments or interest accrued after her death.  the house sold for $130,000.....The FMV at the time of her death was $150,000 so we have a Capitol Loss of $20,000.....Do I need to file a 1041 when there is no taxable value.....

If I have to do 1041 do I need to do K-1 for loss to beneficiaries?

[tagteam]

---

@SK47 wrote:

If I have to do 1041 do I need to do K-1 for loss to beneficiaries?

---

Yes, you can (and should) pass the capital loss through to the beneficiaries on the trust's final return.

I am sorry for your loss.