If the estate, itself, is selling the property, it should be reported on Form 1041.
See https://www.irs.gov/instructions/i1041#en_US_2021_publink1000285942
If possession and title of the property has already passed, then any gain can be reported the same as if a stock, mutual fund, bond, had been sold in the program.
Note that the holding period for the property is long-term and the basis is the fair market value on the date of death of the decedent. As a result of the latter, if the property were sold shortly after the death of the decedent, there is likely to be little to no gain.
If the estate, itself, is selling the property, it should be reported on Form 1041.
See https://www.irs.gov/instructions/i1041#en_US_2021_publink1000285942
If possession and title of the property has already passed, then any gain can be reported the same as if a stock, mutual fund, bond, had been sold in the program.
Note that the holding period for the property is long-term and the basis is the fair market value on the date of death of the decedent. As a result of the latter, if the property were sold shortly after the death of the decedent, there is likely to be little to no gain.