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    #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
    #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.

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