radfordtaxes
Level 2
02-05-2021
03:36 PM
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He moved his Aunt to AZ & purchased a home with her money and he is on the mortgage, he was made executor & trustee. Home is in trust. She has passed. All the beneficiaries want to make sure he doesn't incur any personal liability once the house sells. He will get a 1099S & have to report the gain on his taxes? OR will he file a form 1041 and the estate takes the gain?
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