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magnus121
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1041 sale of real estate owned by 3 trusts

 
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Carl
Level 15

1041 sale of real estate owned by 3 trusts

Seek professional help. Trust can be (and usually are) extremely complex. The fact that you have three separate trusts who had an ownership in the property prior to the sale adds more to the complexity. Significantly more. So you should seek professional help for this particular tax year of the sale.

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