MarilynG1
Expert Alumni

Get your taxes done using TurboTax

I am sorry for your loss.

 

The Cost Basis for the house would be the Market Value at Date of Death, plus any improvements and sales costs associated with fixing the house up and selling it.  

 

The trust would pay any tax on the Gain, and the beneficiaries would pay tax on their individual shares. 

 

Click this link for detailed info on Selling an Inherited House from a Trust

 

 

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