Client is Executor & Trustee for Aunt
He moved his Aunt to AZ & purchased a home with her money and he is on the mortgage, he was made executor & trustee. Home is in trust. She has passed. All the beneficiaries want to make sure he doesn't incur any personal liability once the house sells. He will get a 1099S & have to report the gain on his taxes? OR will he file a form 1041 and the estate takes the gain?
