Do we have to file an estate income tax return after a probate home sale? | NC

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Q: Do we have to file an estate income tax return when a home is sold by the personal representative during probate? A: Often, yes...because selling a home during probate can create estate-level taxable income, usually a capital gain. When the estate has enough taxable income to require a federal fiduciary income tax return, the estate generally also has a state fiduciary income tax filing…