Skip to main content
Level 4
May 25, 2021
Question

Form 1041

  • May 25, 2021
  • 1 reply
  • 5 views

one of my clients wants me fill out a 1041 for the estate of her father.  There no real taxable income because they only sold ground for the amount on the inheritance form.

I may sound dumb because I need to know where to put this sale as the attorney said there should be no further taxes due. And all paper that I have have the date as 1-21-21 can this be filed now and where do I get the 21 form.

thank you for your help

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
May 25, 2021

Sale of land goes on Schedule D/Form 8949.

What is the date of death? Estates can have fiscal years. This can probably be a 2020 return ending on the last day of a month in 2021.

The more I know the more I don’t know.
470pittAuthor
Level 4
May 25, 2021

the date of death is 07/20/2019 and the sale was 1/21/2021