My dad passed away in New York in 2021, and I have been administering his estate. He and I co-owned our house. Everything was sold in 2022, and the estate was distributed in 2023. The last taxes I filed was his 2021 individual return. The estate didn't receive any funds until 2022, and it didn't make much profit besides interest from the estate bank account, which was around $150 for 2022. I wanted to see if I needed to have anything filed for his estate.
Since I had to sell our house, I ended up donating a good amount of furniture in order to downsize. I was going to deduct these donations on my tax return. I was wondering how I should go about determining the dollar amount for each piece of furniture that I donated. I'm nervous that the total I deduct will be pretty high. The sale of the house had a profit low enough that TurboTax isn't including the sale on my own tax return. Would a high donation dollar amount trigger any alarms?
