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Does Turbo Tax for Business include how to claim the sale of home in a revocable trust after the grantors have died and the proceeds are distributed as inheritance?

I want to make sure I'm not taxed on the sale of the home as capital gains.
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Does Turbo Tax for Business include how to claim the sale of home in a revocable trust after the grantors have died and the proceeds are distributed as inheritance?


@cowboysmama wrote:
I want to make sure I'm not taxed on the sale of the home as capital gains.

Yes, you simply enter the transaction into the program as the sale of a home at gain and then make a distribution of that gain to the beneficiaries.

 

Note that you should have (or get) an EIN for the trust since it is no longer a grantor trust.

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