- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
There is not a separate probate estate, only the trust. The trust contains her home, a couple of old cars, some real estate worth about $5,000 and her checking account. She didn't have any investments.
So it sounds like due to the simplicity of this trust, filing the QRT form really wont do much in this instance. I just need to do a 1041 for 2024 showing that she made about $100 in interest and paid some property taxes. Then when we sell the house this year, we will have to report the gain on the sale of the house on our 2025 1041 form. Am i getting that correct?
March 12, 2025
9:59 AM