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Thanks for the reply. So income is recognized, on form 1040, on the sale after the taxpayers death? But it was sold by the Administrator. My issue is how to I "...
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It was sold by the Administrator of the Estate
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Similar to a question I asked for a step up, if an asset (building) was sold by the estate, do I transfer (not show as sold) the asset to the 1041 and then repo...
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Or is the 1040 a short period return, say Jan 1 to March 4, etc and the 1041 starts March 5, 2021 to Dec 31, 2021?
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Thank you for your feedback. So if the taxpayer died in 2021, the step up does not happen until the 2022 return? What if the property was sold in 2021 - does is...
