I've inherited a home that was in a bypass trust. I'm using Turbotax Business since all income in the trust was always distributed. I'm stuck on the "Enter Asset Disposal Information." For the date of disposal I'm entering my Dad's date of death. Turbotax asks:
1. How much did the business receive for this building?
2. .... this land?
Do I just leave it as "0"? I am worried that it then looks like the property was donated to charity or took a loss or something. I am keeping the home and continuing to rent it out. Income/Expense since Dad's death are going on my personal tax return.
Thanks!
