lw06880
Level 3

Hi.  I have to do a final trust return.  Trust has not filed before.  Only asset in trust is a property which was used by a trustee as their primary (husband put house into a trust on his death, wife has lived in it since).  In 2024 the wife died, the house has been sold and the trust will be closed.  The house was never used as income generating. Does the house need to be depreciated?

0 Cheers
sjrcpa
Level 15

No.


The more I know the more I don’t know.

View solution in original post