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Get your taxes done using TurboTax
Even though a loss on a home in a Trust is not deductible I would think that a loss or gain goes on Schedule D and Form 8949 (Sales and Other Dispositions of Capital Assets) If the 1041. Is that correct? If the principal from the home sale is distributed to the beneficiaries where does it go on the 1041? Thanks!
‎January 26, 2025
6:34 PM