DaveF1006
Expert Alumni

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.

 

@ChicagoJ 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"