My husband and I established a Living Trust (complex) in 2003. When he passed away in 2015, the trust was split into two sections - Part 1 (under my social security number) and Part 2 (a tax identification number). I am the trustee of the Living Trust (both Part 1 & 2), ie. the surviving spouse. A year later in 2016, a home was purchased (for $305,000) under the TIN and I lived in the home as my primary residence. That home was sold in 2023 for $650,000. Since it was my primary home and I lived in it the entire time, does the $250,000 profit exclusion still apply if it is under a TIN? How do I report that when using Turbo Tax for Business (For Estates and Trusts)? I received a 1099-S from the title company. This occurred in Washington state.
