Thanks for your response. I know the new mortgage payment for the daughter with the assumable mortgage is $2,309.32 moving forward and the P&I portion represents $900 and the balance is for taxes, insurance and escrow. I will show the "non-deductible" loss on the transfer/sale for transparency reasons in the tax filing for 2025.

I won't spend to much time on the filing of the Trust Return as the taxpayer is high wealth but lower than the revised $15M gift tax exemption signed in the big beautiful bill last week.

All my questions have been answered.