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Level 3
March 17, 2023
Question

Proseries individual

2021 converted rental into residence

2022 lived in it until May then transferred residence into Trust to sell it

How is it reported on the 1040? as a sale but was sold in Trust

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10 replies

Just-Lisa-Now-
Intuit Community Champion
March 17, 2023

what kind of trust?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
patriziaAuthor
Level 3
March 17, 2023

Family  Trust

 

sjrcpa
Level 15
March 17, 2023

Grantor Trust?

Irrevocable Trust that is not treated as a Grantor Trust for income tax purposes?

The more I know the more I don’t know.
IRonMaN
Level 15
March 17, 2023

Is anybody here related to Hope?  

Slava Ukraini!