Fri, Apr 18, 2014, 7:21 AM EDT - U.S. Markets closed for Good Friday

Recent

% | $
Quotes you view appear here for quick access.

H&R Block, Inc. Message Board

  • berkeleyfarms berkeleyfarms Mar 6, 2003 11:46 AM Flag

    1041 income ??

    Query-whether a sale of personal residence of a deedent is inome to the estate.

    My client is the executor of an estate which has no assets other than the home of the decedent. Under court order the executor sold the home and will distribute the proeeds to the heirs. The home sold within a few months of the death of the decedent. Should the executor file a 104l listing the sale proceeds as income>??. There is probably no capital gain, since the fair market value on the date of death is close to the sales price.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
HRB
28.20-0.13(-0.46%)Apr 17 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT
AsiaInfo-Linkage, Inc.
NasdaqGSWed, Jan 15, 2014 4:00 PM EST