How do I report the sale of deceased mom's mobilehome on trust return? No 1099 S provided.mobilehome held in trust

[SabrinaD2]

When a trust sells a decedent's mobile home, the transaction should be reported on Form 1041, the U.S. Income Tax Return for Estates and Trusts proceed with TurboTax Business, which supports Form 1041 for non-living trust and can be purchased here. 

Once TurboTax business is purchased and downloaded:

1. Choose start a Trust Return 
2. Navigate to the Income section, then choose "Capital Gains and Losses.
3. Enter Sale Details:
   1. Add a new transaction for the sale of the mobile home.
   2. Provide the following information:
      1. Description: Enter "Sale of inherited mobile home."
      2. Date Acquired: Use the date of your mother's death, as this is the acquisition date for inherited property.
      3. Date Sold: Enter the actual sale date of the mobile home.
      4. Sales Price: Input the total amount received from the sale.
      5. Cost Basis: Enter the fair market value (FMV) of the mobile home as of the date of your mother's death.
      6. Selling Expenses: Include any costs associated with the sale, such as commissions or closing fees.

TurboTax Business will calculate the capital gain or loss based on the entered data.

Please let me know if additional information is needed.