Just-Lisa-Now-
Level 15
Level 15

Dad died 7 years ago and house went into his trust, 2022 house was sold, had quite a bit of gain. 

One of the beneficiaries lived in the house as a personal residence for the 7 years between when Dad died and the house was finally sold.  

Does he get the IRC121 exclusion?  How does that figure into the 1041 return?


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