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Get your taxes done using TurboTax
Yes, if the house is in the name of the trust, it would need to be reported in a 1041 estate/trust return and then the capital gains are equally shared on the K-1's that are generated by the trust. You would not report the sale in your own return.
You report a 1041, you would need to purchase Turbo Tax Business. You may purchase that here.
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‎April 12, 2024
1:11 PM