My Mother passed away December 2021. Her home was move into her trust a month after her passing; January 2022, and the Real Estate Value was marked as not required. We sold the home on July 20, 2022. The EID was used for that transaction. I have tried to review all the documents concerning the 1041 and its accompanying forms, but I cannot figure out how to fill in the 1041 with the 1099-S information. The instructions indicate that 1099-S and other forms will have the same boxes as a 1099-B. That is not the case. I don't believe my siblings and I owe any taxes on the sale of the house, but apparently, I need to fill out the 1041 and the K1 forms. I am at a loss as to how to do that as none of the instructions are clear when the house is the only asset in the trust. All other funds were used for her burial and payment of accounts.
I haven't looked into the TurboTax business product; I was hoping someone could just answer these questions.
