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1041

wjh4848
Level 2

I have a final grantor irrevocable trust. The grantor passed away in February 2024 and the Trustee (my client) sold the personal residence in May 2024. That was the only thing in the trust. How is this entered on the 1041 since I was told to have him claim a Section 645 Election for the property?

This is the First Trust Tax Return I am doing.

Thank you.

 

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Accepted Solutions
sjrcpa
Level 15

You enter the sale on Sch D/8949.

The 645 election is unrelated to the sale or the property.


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2 Comments 2
sjrcpa
Level 15

You enter the sale on Sch D/8949.

The 645 election is unrelated to the sale or the property.


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wjh4848
Level 2

Can you also please tell me what I choose in Section A on page 1 of the 1041?

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