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Schedule K-1
My deceased parents trust just sold their house in 2022. The trust will dissolve in 2022, and hence the beneficiaries will receive a schedule K-1. The question is how on turbo tax do you deduct the house cost basis and cost of selling the house, from the gain? I see you enter the K-1 information under Bossiness items- but then turbo tax does not prompt for the entry of the cost basis nor costs of selling. Please advise as to how this is done- thanks
‎June 7, 2022
7:52 PM