My sister and I were 50/50 owners of two CA rental properties that came to us from a trust when our father passed. One of the properties was a condo, the other was a single family house. Chain of events was: Father passed Oct 4th 2020. Trust became an irrevocable trust when father passed. Both properties had renters at that time. March 1st 2021, both properties were removed from the trust and became our property. Condo was sold May 4th 2021. House was sold May 25th 2021. I know that a trust tax return is needed for Oct,Nov,Dec 2020, and Jan, Feb 2021. The question is, how to record the properties for Mar,Apr,May 2021on our 2022 returns. They each had renters until sold.
