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Revocable trust only for house that was sold in December
My mom passed away in September and her house was in a revocable trust. I am the trustee and the house was sold on Dec. 22, '23. I need to divide the proceeds between myself and two brothers, but I can't until after the first part of January due to my bank holding check for ten days plus three more for wiring money out. When I file a tax return for the trust for 2023, can I show money going to beneficiaries in 2023 since the house was sold in 2023 or do I have to file another tax return next year to show the money being sent to beneficiaries in 2024 instead?
‎December 27, 2023
4:36 PM