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Is the Value of Inherited Home reported as a Trust Distribution on 1041?
I inherited property from my mother's trust. She passed away this year. The trust is not selling the house, nor am I. I have transferred the house from her trust to myself, as her Successor Trustee. I am now working through the 1041. In the section to report 1st and 2nd tier distributions, do I report the value of the house, along with the cash inheritance that I am reporting?
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‎January 19, 2022
7:29 PM