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bemac2022
Returning Member

Estate Taxes

I am the personal representative for a deceased individual’s estate.  We sold his home for a $42000 profit in Indiana.  Will the estate need to file taxes?

posted
‎November 16, 2022 10:18 AM
last updated ‎March 09, 2026 11:57 PM
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Anonymous_
Level 15

Estate Taxes

@bemac2022 wrote:

Will the estate need to file taxes?

Yes, since the estate has gross income of $600 or more.

 

See https://www.irs.gov/instructions/i1041#en_US_2021_publink1000285942

‎November 16, 2022 10:27 AM
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