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April 6, 2025
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Estate Sale considered long or short term gain/loss for IRS 1041 form.

  • April 6, 2025
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I am executor of an estate and sold the decedents car. On schedule 8949 (1041) how do I determine if it is a short term or long term transaction (loss in this case)?  Would the holding period  be counted from when the  decedent died to the sale date. I know when a individual inherits property, the holding perod is always long term.  But I am looking for the holding period to the estate.

Thanks

    Best answer by Mike9241

    sale of a decedant's assets is always long-term.  No different for an estate holding the assets. for date acquired type "inherited". no quotes.  

    1 reply

    Mike9241Answer
    April 6, 2025

    sale of a decedant's assets is always long-term.  No different for an estate holding the assets. for date acquired type "inherited". no quotes.