I am looking to prepare the 1041 for a residential house in trust wit 2 daughters as beneficiaries.

Client got ID # for trust return as they were going to sell the house out of the Trust. Then one of the 2 beneficiaries changed their mind about selling and bought her sisters half from the irrevocable trust.

That day the proceeds were then transferred from escrow to a trust bank account. House titled to one sister received the cash from the trust bank account. The only asset in the Trust was the home and no income on the house while in trust.

Best way to report a non taxable transaction and file final return. Just complete schedule D with in and out?

Thank you in advance.