[WSBAPT] Estate Income Tax Filing

[Inge Fordham]

According to CPAs I have worked with, yes.  Selling real estate (which is reported using the Estate EIN) generally means the PR needs to file an estate tax return.  It does not, however, mean any taxes will be owed.


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Inge A. Fordham | Attorney
Fordham Law, PLLC
3218 Sixth Avenue | Tacoma, WA 98406
Office: (253) 348-2657 | Mobile: (206) 778-3131
www.fordhamlegal.com<http://www.fordhamlegal.com>

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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> on behalf of Brent Williams-Ruth <brent at williams-ruthlaw.com>
Date: Thursday, February 20, 2025 at 5:32 PM
To: WSBA Probate & Trust Listserv <WSBAPT at lists.wsbarppt.com>
Subject: [WSBAPT] Estate Income Tax Filing
Greetings Wise Ones -

I am seeking confirmation.....due to recent communication from a couple clients.

Estate has one asset. A single family home with real property. That property is valued at $500,000. Estate PR sells property for $490,000 (darn interest rates).

Does the Estate have an obligation to file an Estate Income Tax Return because it converted an asset into cash to distribute to named beneficiaries?

Brent Williams-Ruth (pronouns: he/him)
Attorney-At-Law

Law Offices of Brent Williams-Ruth, a division of BWR Consulting, PLLC

Physical Address: 500 S 336th Street, Suite 214; Federal Way, WA 98003

Mailing Address: PO BOX 3319; Federal Way, WA 98063

Office/Scheduling Phone: (253) 285-7751

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