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Get your taxes done using TurboTax
sorry for your loss. if the trust had properties and mutual funds that were sold the trust needs to report these sales. each asset has a tax basis of the date of death fair market value + the tax basis of any additions such as improvements to the real property or mutual fund dividends. it is doubtful every asset was sold for exactly its tax basis. thus the trust will need to issue you each a k-1.
‎January 21, 2023
5:00 PM
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