Another Estate Tax Question


M

mrs.turtoni

Decedent's estate consists of US Savings Bonds
interest of 68,000. Two sons are the heirs.

Decedent's car was sold [book value 21,000 - sold
for 17,000] and proceeds were deposited into the
estate account. The car for personal use only.
Is the difference between the FMV and actual
sale amount deductible?

Also, can the bond interest be filed on a 1040
or is a 1041 required?
 
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