Inheirted home sold by the trust

[AMWS]

My mothers personal residence was held in her trust. It was sold 5 months after her death. Between her death and the sale no one occupied the house. How should I answer the question on the of pricipal residence? If I select it was not my personal residence it treats it as an investment which affects the K-1.

[MarilynG1]

Yes, the sale of an inherited home is treated as the sale of an investment, if you inherited the property from your mother.

Use the 'stepped up' Cost Basis of the home (FMV at date of death) in calculating any Capital Gains.

Here's more details on reporting the Sale of Inherited Home. 

Sorry for your loss.

@AMWS 

[AMWS]

Thank you. It was confusing as one post said "Primary Residence" meant for the decedent and not for the beneficiaries.