A rental property is being transferred from Trust to beneficiary before it is sold. How do you report this on the Trust's return?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
It's a distribution.
There is an election to recognize gain by the trust at the time of distribution, if desired.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.
