Property Distributions from Trust???

[Unregistered]

Are property distribtions from Trust treated as if sold at FMV? This particular trust distributed a piece of property that basically no basis and a value of $20,000.

Thanks in advance.

[jimmcg]

Trust Distributions

What kind of trust?

[natiro]

Property distributions

The answer depends on the details of the trust distribution. . .

What type of trust is it?
Why was the distribution made?
Did the trust specifiy that this partcular property be distributed to this particular beneficiary?

There are probably other questions, but this is a good start.

[Unregistered]

Its a complex trust that distributes assets based on an actuary table. The property was distributed in lieu of cash.