Level 15
04-03-2023
04:09 PM
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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?
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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