Morton
Level 3
03-09-2026
11:02 AM
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A rental inside a trust was sold in January of 2025. The property was owned by two trusts - one for husband and one for wife. Botjh trusts had the rental property in the 2023 and 2024 returns and the program did a great job of dividing up things. Now with the sale, how do I put the sale information into the program. I know I start with Screen 22. However, one trust owns different percentages of the property with different basis. How do I enter the sale information: sale price, expensis, basis, etc. Will the program divide up the full amounts on the 4797 or should I do all of the divisions and enter those on each return?
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