The trust was set up by my parents through an attorney in California. My last parent died in March 2018. In 2018, I filed fiduciary, estate and personal tax returns. It was a revocable trust. I am the executor. The property in the trust was the residence of my mother and has been vacant since she died in 2018. The residence was appraised at $590,000 and was sold for $475,000 as is. Sales expense is $1,753. The trust had two parcels of land which were sold and appraised $24,400. Sales expense on the land is $4,434. Based on what I have read is that since this is a Final fiduciary return, it can be taken as a short term loss. I do not know what I have to do to have Turbotax record it as a short term loss. Help please. Thank you for your time.
