1041 Program doesn't allow residence gain exclusion in 1099S entries.
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Trusts don't live in a primary residence. They're a legal fiction. Are you doing a return for an estate, a revocable living trust, or something else?
Revocable living trust,, Grantor dies in 2020.
Was residence up to her death. Sold by trust.
Beleive it qualifies for exlcusion 121-1-(c)(3)(i) and furhter research support this treatment.
Thanks for reply.
If it was sold after her death, you would get stepped-up basis and it's unlikely there would be any gain after selling expenses.
There is no "-1" to Code Section 121, and there's no (c)(3). Maybe you're looking at Regulations.
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