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They haven't done it yet, but he is buying it from the trust for the full assessed value. The loss would come from the closing costs, Then the trust will distri...
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Yes, he was living there with his mother, the owner of the trust, until she passed. His siblings did not live there.
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What if the house was sold to one of the beneficiaries? Can he and/or the other related beneficiaries claim the loss?
