Thank you for your reply. All is assumed correct. The spouse was not a co-owner of the trust but a grantor & also became an irrevocable trust at time of death.
These was a capital appreciation of $600k from time of purchase to time of death of the spouse. I helped her get EIN in order to open account at Bank to access proceeds.
Do we file taxes for the trust separately as its own entity ( Is the $250k deduction for exemption apply).
The software (Turbo tax for Business) supports additional help for deductions.
Do I still need to purchase the regular Premier version to do a personal tax return for her as well ?
Since this is in California, Do we need a separate return for State (trust). Does it come with the Federal version ?
Your reply is much appreciated.
