Solved
Inherited Home & Form 1041
My client passed away with rental property. Three months later the property was sold by the trustee of her estate. The basis and sale price of the property were the same, but there were selling expenses of about $40,000. Do the selling expenses create a capital loss on the sale and if so are those losses passed on to the beneficiary on K-1 or do they stay with the estate on 1041?
KMAC
