Since you and your spouse are both the grantors and beneficiaries of the trust, it would be a grantor trust. As such the home sale exclusion is available. As to reporting it depends if the trust has an EIN. then the 1099S will likely have that number. This would require filing a grantor trust 1041 (same form as any other trust but instead of a K-1 you get a grantor trust letter. if it does not have an EIN the the 1099S will likely have one of your Social Security numbers on it. the sale, qualifying for the HSE exclusion would be reported directly on your 1040.
if you have any other income from that trust a/c and an EIN is used on the reporting 1099s they must be included on the grantor trust return. If it's one of your SSNs the items are reported directly on your 1040 - no grantor trust return.
To do a grantor trust return you need Turbotax Business which is only for full Windows PC - 64-bit operating system windows 10 or above.
