Mom died 2023, she had a trust. in her trust was her home. her home sold 45 days after her death. a gain of 50K. are taxes of any kind due on this gain?

[41Viking]

should there be a stepped up cost basis? so no tax due?

[M-MTax]

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@41Viking wrote:
should there be a stepped up cost basis?

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Yes.

[41Viking]

Then why when I filed a trust tax return using Turbotax business for mom, We had to pay taxes on that gain?

[dmertz]

The stepped-up basis is the value of the house on the date of her death.  If the house sold for $50k more than that value, the trust had taxable income of $50k.

[M-MTax]

Did you enter the correct basis? Stepped up to FMV as of the date of death?