Deceased T/P Sale of Residence

[moonpetty58]

Can a deceased t/p use the first time gain exclusion on sale of residence?

Sold home 03-21.

Died 04-21

[dascpa]

Without quoting law I would say of course.  Final individual return and estate or fiduciary returns are separate items and obviously separate dates.

[jeffmcpa2010]

Edited.

Didn't see the dates when I first answered.

If the home sale closed 3-21. before death, his qualification for the exclusion would be the same if anyone else.

[sjrcpa · Accepted solution]

Yes if he qualified on the sale date.

[dascpa]

Look at the dates.  It was sold before he died.

[moonpetty58]

Got it.  Thanks.

[moonpetty58]

Thanks