Thank you, Melinda, I believe I agree with you about filing a 1040X. For the home trust their is no capital gain but rather a capital loss (for commissions, expenses, etc. = ~$50,000) since the house was sold for the FMV = $700,000, sales price = $700,000.
Both my wife and I are retired and we only made ~$100,000 in 2025 in IRA RMD, interest, dividends and my wife's SSA. The only taxes we paid during the year were $300 on the IRA RMD. TT said we owed no taxes and actually had a $222 refund. So I don't know if it's worth the trouble to file a 1040X since the capital loss wouldn't do us much good. It would nearly zero out qualified dividends. Does that sound right to you?
