Estate Sale considered long or short term gain/loss for IRS 1041 form.
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