https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2418970#M918542 <P>An elderly couple’s home is in an irrevocable trust. The husband dies and the wife goes into a nursing home. If the executor sells the home will there be capital gains taxes since the wife is still living ?</P> Mon, 09 Mar 2026 04:21:58 GMT cowboysmama 2026-03-09T04:21:58Z https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2418970#M918542 <P>An elderly couple’s home is in an irrevocable trust. The husband dies and the wife goes into a nursing home. If the executor sells the home will there be capital gains taxes since the wife is still living ?</P> Mon, 09 Mar 2026 04:21:58 GMT https://ttlc.intuit.com/community/taxes/discussion/capital-gains/01/2418970#M918542 cowboysmama 2026-03-09T04:21:58Z https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2419059#M918543 <P>Clearly, whether there are capital gains will be dependent upon the selling price and the basis.</P> <P>&nbsp;</P> <P>With respect to the latter, that figure will depend upon the basis the trust took which, in turn, will depend upon the exact language in the trust document (and, obviously, the type of trust).</P> Wed, 26 Jan 2022 19:49:59 GMT https://ttlc.intuit.com/community/taxes/discussion/re-capital-gains/01/2419059#M918543 Anonymous_ 2022-01-26T19:49:59Z