1041 final RE sale

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  • TAX4US
    Senior Member
    • Mar 2010
    • 551

    #1

    1041 final RE sale

    Attempting to gather facts for a final 1041 in which the real estate was sold at a lost from inventory value to a non relative. What can I do with the utility bills paid by the estate during holding period to sale date? Brain a little fuzzy now. Thanks
  • Gene V
    Senior Member
    • Jun 2005
    • 1057

    #2
    Originally posted by TAX4US
    Attempting to gather facts for a final 1041 in which the real estate was sold at a lost from inventory value to a non relative. What can I do with the utility bills paid by the estate during holding period to sale date? Brain a little fuzzy now. Thanks
    I would show it as maintenance fees--probably line 15 on Form 1041
    not very savvy on 1041's return--maybe someone else will give you a better answer.

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