Question

How to report a 1099-s on a 1041

Forum|Forum|3 years ago
March 5, 2023
1 reply
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I received a 1099-s for the sale of my dads house of $270,000 and not sure how to report it in the 1041 form for his estate taxes.

Thanks

M-MTax

Report it on form 8949 and schedule D.

C

Cynthiad66

Also, sale of real estate for a decedent is typically reported on Form 1041 by the Estate and then carried through the 1041 K-1 to beneficiaries to report on their personal 1040 returns based on their allocation of the sale.

If the residence was not used as a personal residence, it must be reported as a capital gain or loss on Form 1041 of Schedule D.

@pmgp6q

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W

wtflanders

I also received a 1099-S for the sale of decedent's primary residence and have reported it on Form 8949 Schedule D, but where do your report the non-taxable proceeds on the K-1's?

The only thing I can find is in box 14C, but the description of this type of distribution does not align.

Note: There was no capital gain on the sale of the house.

Thanks.