S-hall
Level 2
02-03-2022
03:18 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Have a signed contract to sell rental property and the seller dies before the closing date. The estate closes on the property for the decedent. Does the decedents final return report the sale (gain of sale) or does the estate record the sale using the FMV of the property on date of death.
Best Answer Click here