Greetings,

Working on the trust first time.  Trust had only real property, it was sold and proceed has to be distributed to one beneficiary who is a fiduciary as well. Real property was a home of a grantor (mother) until death and a beneficiary (son) until the sale. I am reporting real property sale as home sale with a step up basis and for some reason IRS K-1 doesn't show any distribution amount and FTB K-1 shows distribution as gross proceed. Not sure if that's how K-1s should be.  If someone has experience preparing 1041 for the trust that was grantor type until the death of the grantor, please help.