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How to report sale of decedent's residence on 1041 Form: What You Should Know
Sales Tax Return (Form 1040) The sale of the home to the probate representative will be reported on Form 1099. Probate Estate Income Tax Return (Form 1041) All sales of decedent's residence to the Probate Court (and subsequent sales by the Probate Court) will be reported on Form 1040. Schedule D (Form 1041) (See “Sales of residential real estate in the United States” below) Form 1041 and Schedule D (Form 1041) The sale of residential real estate in the United States will be reported on Schedule D. Form 8949 The sale of the decedent`s residence will be reported under the form Schedule D. Schedule D (Form 1041) (See “Sales of residential real estate in the United States” below) Schedule D (Form 1041) (See “Sales of residential real estate in the United States” below) Sales of residential real estate in the United States Sales made to the tax authorities of the United States by, sales made to a foreign government by a domestic resident or foreign resident estate agent, or sales of real estate made by other tax authorities (e.g., local, state, county, and municipal) Sales of residential real estate in the United States Sales of residential real estate on land with a legal title that was transferred by a transferor without payment thereof shall be reported under this chapter. Sales of residential real estate made to the Federal government by an agent of the United States Tax Agency to process a request for federal tax determination or an inquiry or audit shall be reported under this chapter. Sale of personal residence. For sales made to an executor or administrator or a family member or representative not related to the decedent during the last 365 days of the decedent`s life or the estate`s tax liability has lapsed, the sale shall be reported on Schedule D. A Schedule D is the most appropriate substitute to report this form of sale if the sale is not part of a qualified sale of real property, and it is not required to be reported under another section of this chapter. Other exemptions from Form 1041 reporting can apply. See “Sales of residential real estate in the United States” under Schedule D.
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