Morton
Level 3

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?

0 Cheers