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- Transfer title of rental from Trust to beneficiary
Transfer title of rental from Trust to beneficiary
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Lani1
Level 2
08-05-2020
02:31 PM
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A rental property is being transferred from Trust to beneficiary before it is sold. How do you report this on the Trust's return?
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sjrcpa
Level 15
08-05-2020
03:39 PM
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It's a distribution.
There is an election to recognize gain by the trust at the time of distribution, if desired.
The more I know, the more I don't know.
