JFW3
Level 3

Deductions & credits

NCperson, Thanks for your reply and you are so right, it appears that the interaction between trusts and home sales seems very complicated.  I'm not a tax accountant and perhaps I need a CPA to work rather than me finding the correct box in the TT income tax trust form.  There are many rules, but it appears the end result is that a person (including the beneficiary of a grantor trust) can exclude the gain from the sale of a primary residence that is owned by a trust if they meet the two-year ownership criteria and the trust is correctly worded.  I was wondering if folks had experience on how to make that happen in TT.