Is it required to enter the FMV of Decedent's Assets at Date of Death in Form 541 for an estate ?

[sjrcpa]

What's a Form 541?  A state estate income tax?

Or a state estate tax?

And what state?

[BobKamman]

California fiduciary income tax return.  I thought everyone knew that.  I just don't understand the question.  Maybe something was sold, and its value at DOD was less than the decedent's basis, and they want to take a greater loss.  

[sjrcpa]

"California fiduciary income tax return.  I thought everyone knew that."

I'm dumb Bob. I think a few other states may also use 541 for this.

I also don't understand the question.

[BobKamman]

Well, maybe Louisiana.  But they're Napoleonic Code.