1041

[wjh4848]

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.

[sjrcpa · Accepted solution]

You enter the sale on Sch D/8949.

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

[wjh4848]

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