Trust

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • TAX SURGEON
    Junior Member
    • Feb 2011
    • 11
    #1

    Trust

    I have a client that inherited a house put in a trust fund and sold last year , how do I report this on his taxes
    Tags: selling house in a trust
    • Burke
      Senior Member
      • Jan 2008
      • 7068
      #2
      Need more information. Was the trust a Revocable Living Trust? If so, were assets sold/distributed right after death? If this was an Irrevocable Trust, established while the decedent was still living, then it is treated differently. Also, was the house a personal residence? Or was it rental property?
      Last edited by Burke; 04-03-2014, 11:00 AM.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...