Thanks @SusanY1Things i fear: Death, taxes and calling the IRS😫Did have Federal and State W/HSocial security is already 99% taken (garnished) by nursing home, ...
So far I have not seen a reply to underlying question of:If did a Medicaid spend down which brought in remaining significant IRA's ( think $1-2 hundred thousand...
so the rental loss for the year, on 1041, will flow 100% to the K-1's (beneficiaries) with the 1041 Line 23 (Taxable Income) reflecting ($600) Exemption amount ...
so in 2019, would the $20K of condo selling expenses result in a capital loss (assume for profit motive) split to the beneficiaries as reflected on the 1041 For...
