Level 11
12-28-2024
09:53 PM
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Assuming house was jointly owned and wife inherits from husband, then they file MFJ final return reporting income through 12/20/24 (including sale of house). If all other conditions are met they eligible for 500k exclusion. She should also be eligible for stepped up basis for the inherited property. Q16 does not apply.
income after wife’s DOD would be reported on f1041.
If at first you don’t succeed…..find a workaround