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Proper forms and process for reporting sale of deceased parents home. Home is in the living trust. Five children, equal beneficiaries.

Hi. Our last parent passed away one month ago. five siblings as beneficiaries in a living trust. Understand that form 1040 to be used for this year for income of parent received while parent alive. I believe form 1041 used for any income following their death.

plan is to sell the house this month. under current law, house to be stepped up to essentially current value and there will be no capital gain.

Where will the sale of the home be reported and on what forms? Will something be reported on the decedents 1041 as well as additional forms for each of the beneficiaries? which forms? Does this involve K ones at all? Thank You!
Form 1041 1040
 

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