Sale of Inherited Home

[LK2023]

Awesome, thank you, tagteam. 

[LK2023]

Here's one final follow up question, tagteam. The sale of the house took a while b/c the Executrix is disabled, then there were buyer delays, but the house sold 2 years and 1 week after Date of Death, all Estate assets transferred a few weeks later. and the Estate closed. This is a First and Final 1041. Question 8 of Other Information reads, "If the decedent's estate has been open for more than 2 years, attach an explanation for the delay in closing the estate." If the Estate is closed, does this question even apply? If so, I will attach a Statement (then I have to paper file). If not, I will e-file. What would you do?

[tagteam]

I'd probably just e-file and see what happens since it's only been 1 week past the two-year mark.

[LK2023]

You are the best, tagteam, thanks for the quick reply! I think I'm good to go now. I really appreciate the help!

[LK2023]

So, tagteam, I was ready to e-file, got th Executor to sign the 8453 FE form (which you can attach through TurboTax), but now TurboTax has checked the box for Question 8 of Other Information and will not allow me to uncheck it (re the Estate has been open for more than 2 years). It must "read the dates" once it gets ready to File, and now I can't uncheck it.  It's probably b/c I'm using Calendar Year for 2023, and TurboTax reads the DOD of 8/31/2021 and "knows" it's a more than 2 year period.

So I guess we have to paper file, ironically, b/c TurboTax won't allow me to attach that explanatory statement for Question 8 of Other Information. Unless you know a workaround to uncheck the box?

[tagteam]

@LK2023

In that event, you're better off printing and mailing the return with an explanatory statement.

You could do an override but that would likely prevent you from e-filing, regardless.

[LK2023]

Okay, thank you tagteam. Thank you so much for your help.