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March 29, 2024
Question

Estate Tax Return for the sale of a car

  • March 29, 2024
  • 1 reply
  • 0 views

Hello 

 

Filing a late 1041 tax return for an estate and do I record sale of a vehicle - value was under $10,000

    1 reply

    KrisD15
    March 29, 2024

    No, not if this was a personal vehicle and there was no gain. 

     

    (Gain would only be realized if the vehicle was sold for more than the purchase price.)

     

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