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Level 2
February 5, 2021

post-death grain sale

  • February 5, 2021
  • 2 replies
  • 7 views

How do you report income from a 1099-PATR which is a grain sale from grain that was inherited?

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    2 replies

    sjrcpa
    Level 15
    February 5, 2021

    Income in respect of a decent has the same character as it would have for the decedent. So I'm guessing Schedule F or Form 4835.

    The more I know the more I don’t know.
    IRonMaN
    Level 15
    February 5, 2021

    Looks like you are enjoying playing the spoiler here  😀

    Slava Ukraini!
    sjrcpa
    Level 15
    February 5, 2021

    I didn't even realize I did that.

    The more I know the more I don’t know.
    BobKamman
    Level 15
    February 5, 2021

    It's complicated.  See pages 3-6 of this seminar slide show:

    https://www.calt.iastate.edu/system/files/premium_video_files/Farm%20Assets%20-%20PPT.pdf