Where and how do you report the sale of the decedents reidence on form 1041 for the estate.?

Sale was approx 6 months after death, with no change in value since death. Selling expe3nses were ,000. No estate return was filed or needed (too small)
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    You report it on Schedule D which is part of the Form 1041.
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    You still need to file a Form 1041.  "(too small)" is NOT accurate.  If there was a residence sold for the Estate, a Form 1041 needs to be filed.  Expenses can be passed on to the beneficiaries through K1s - this can potentially lower their personal income tax liability.  

    I am not trying to be mean, but 1041s are NOT like 1040s - if you really don't know what you are doing, get a CPA.  (There are a LOT of CPAs that don't know how to do 1041s - just because they are one number off for the form number, does not mean they are almost alike - they are NOT.)
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      You have said that there was not Estate Tax obligation, and I assume that you mean this at both the Federal and state levels.

      For income tax purposes, any income received into the Estate, after the death, may need to be reported on a Form 1041 Estate filing.  The sale of the personal residence may have resulted in the issuance of a Form 1099-S by the conveying attorney.  The question of tax liability goes to whether or not a capital gain resulted.  The tax cost basis of the house would be that value as of the date of death.  The proceeds sound as if they generated no gain.  If so, there would be no capital gain to report - either by the Estate or by the Beneficiaries.  [The Beneficiaries do not report the receipt of the proceeds of the Estate or the sale, but only the capital gain if it occurred and is distributed to them.].

      Did you have other income received by the Estate after the death?
      _______________________________________
      s/ Scruffy_Curmudgeon - Not an Intuit employee -  
      IAFF retired Firefighter(FF1/2)&Paramedic,
      USAR O3 AIS/ASA '66-'67
      any/all thanks appreciated
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        Replying to Rothamel - his question about locating Schedule D (1041/2012) on February 10, 2013:
        TurboTax Business (1041) does support and prepare the Schedule D for 1041.  The interview process starts in "Federal Taxes" "Income Tab" select "Capital Gains and Losses".

        Alternatively,
        Instructions for Schedule D (1041/2012):  http://www.irs.gov/pub/irs-pdf/i1041sd.pdf   and
        Schedule D:  http://www.irs.gov/pub/irs-pdf/f1041sd.pdf




        • Okay. that's correct.  Where do you report this sale on schedule K-1 and do you take an exemption on either 1041 or K-1.  I beleeve the allowance id over $5,000,000 ??
        • It goes on Schedule D and flows through to the K-1 (or maybe is taxed in the estate).  Form 1041 is estate income tax.  The 5,000,000 is federal estate tax, which is not income tax
        • where exactly on the K-1 do you report the shares of the sale of a residence which you reported on form 1041 on schedule D
        • Line 4a
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