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post-death grain sale

jsandy
Level 2

How do you report income from a 1099-PATR which is a grain sale from grain that was inherited?

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5 Comments 5
sjrcpa
Level 15
Spoiler
Income in respect of a decent has the same character as it would have for the decedent. So I'm guessing Schedule F or Form 4835.
The more I know, the more I don't know.
IRonMaN
Level 15

Looks like you are enjoying playing the spoiler here 😀


Slava Ukraini!
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sjrcpa
Level 15

I didn't even realize I did that.

The more I know, the more I don't know.
IRonMaN
Level 15
Spoiler
But you did --------- so I had to give it a try to see if I like it 🤔

Slava Ukraini!
BobKamman
Level 15

It's complicated.  See pages 3-6 of this seminar slide show:

https://www.calt.iastate.edu/system/files/premium_video_files/Farm%20Assets%20-%20PPT.pdf