Even though there was no gain, I received two 1099s for the property sales from the escrow company. This was $1.2M in gross sale proceeds. My thought was that t...
Yes, the capital gains (loss actually) does track to my K-1. You are saying that I "may report" the distribution of corpus. That sounds optional. Must I report ...
Yes, that is my goal. I'm not clear on the "disposition of the asset (building." I think my problem begins when answering the step by step question asking if I ...
I am completing a Schedule E for the two months of rental income and expense, during the period following my mother's death until the time the property was tran...
Thank you.The trust became irrevocable on Feb 15 and will be closed this year.I am filing a 1041 short and final return.The trust itself sold two properties, bo...