Schedule K1 for estate "sale of house"

[jesnken1]

My spouse received a 1099-s for the sale of his deceased fathers house. What line does the the sale of house from 1099s carry to the schedule k-1to show my spouses amount for his portion of the estate sale.  Is is line 5. Other portfolio and nonbusiness income

[Anonymous_]

Are you using TurboTax Business to prepare a 1041 for the estate itself?

Does the 1099-S have your husband's social security number on it? 

[jesnken1]

No SSN: Just the estates TIN number

[jesnken1]

Forgot to post, Yes using TurboTax Business for form 1041 for the estate.

[Anonymous_]

Line 4a if the house was sold at a gain.

[jesnken1]

house sold at a loss. Lower than  FMV

[Anonymous_]

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@jesnken1 wrote:

house sold at a loss. Lower than  FMV

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In that case, the loss will appear on Line 11 (with a D code), but only if no beneficiary lived in the property (i.e., there was no personal use of the property) and only on the final return.