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Get your taxes done using TurboTax
Thank you. The trust did not provide a K1 form. So I entered the information as your described in the steps below, only claiming half the sales (dividing the sales and land value by 2).
It just looks a little weird that the value of the property I assumed control of in June of 2019 was less than what it was sold for in Nov of 2019 b/c of the Lien insurance that was deducted from net proceeds, lessening my overall tax burden.
Thanks again.
March 18, 2020
6:35 AM