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February 18, 2025
Question

Trust gives home to beneficiary - how to report on 1041

  • February 18, 2025
  • 1 reply
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1 reply

M-MTax
February 18, 2025

If the home was transferred directly to the beneficiary, there is nothing for the trust to report on the 1041 as this is a distribution in kind.

 

The beneficiary will take the trust's basis in the home. 

Ben671Author
February 22, 2025

Received a clear reply.

Thank you