We need to claim the sell of a parents house that was in a "Trust".

[grossweimar-gmai]

No paperwork was issued, but the trust was in two siblings names

[AmyC]

I am going to assume you inherited the property in the trust and are filing the business return to generate the k-1 forms. Otherwise, you would have asked where to enter your k-1.

You will enter the house as a capital gain/ loss. Your basis will be the value of the house when the deceased passed. Your sales prices is price sold. Selling expenses will be any commissions paid. You could have a loss if you sold fairly quickly.

If you are not the administrator of the trust, contact them for the paperwork.

[grossweimar-gmai]

Thank you.   I greatly appreciate your answering my question.