- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The basis transfers so set the starting basis in the trust to the same as the ending basis in the estate.
Don't think you can do it in the program.
The basis is a carryover basis from the estate so the placed-in-service date would be prior to the start date of the new trust (and Turbotax Business does NOT like that).
In this case, the placed-in-service date would be the date of death of the decedent, which occurred in 2022. Forms view is probably needed to resolve this.
‎January 21, 2025
1:28 PM