AmyC
Employee Tax Expert

Deductions & credits

What you do depends on the type of trust. If it was a revokable trust, your basis in the house is used and sold as a second home on sch D.

 

You will want to talk to the lawyer that set up the trust for other scenarios.

  • irrevocable trust 
  • qualified personal resident trust 

I am very sorry for your loss.

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