So, I have posted here before on this topic. My brother is the Successor Trustee and we are 50/50 beneficiaries. We have a very bad relationship. He has been stalling out completing a 1041/K-1 form for the Trust. We live in CA. so the tax deadline is extend due to storms. In any event the Trust was fairly simple. My father passed and we split his house estate sale and the remaining money he had in his accounts. He passed in August 2021 and we sold the house in March 2022 and we split the net income after the sale. As I understand it we pay the difference between the net income and the appraisal sale of the house upon my father's passing date which ends up roughly $5k. So, I thought we split the capital gains of $5k and each pay $2,500 and include splitting the deductions. is that correct?
There was no real capital gains interest on my father's account money so that is not relevant. In any event he tells me he paid federal and state taxes on the Trust and it basically is good. How can that be? How would I then report stuff on my taxes for this? He's trying to sabotage me in every way so does anyone have feedback.
