dr58lj15
Level 3

I filed an Estate return for my client who is the executor of an estate in 2024.  For 2025, we have added interest that was received for cashed savings bond in 2025. In addition, the executor sold the land of the estate which he had inherited.

My question is do I continue to file as an estate and note that this is the Final Return because it will be?  

The name of the closing papers for the sale of the land is in the name of the estate, but the 1099S is made out to the executor solely because he inherited the land.   Should I prepare a K1 to move this sale to his personal return

So, basically do I keep this return as a complete estate return with no K1s' going to the executor? We did not have K1s' in 2024, because the 1099Rs' were all made out to the estate and the attorney distributed the proceeds at probate.

Thanks,

 

Lynnetta Nadeau

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