The Sec 121 home sale exclusion - $250k in this case - does not apply to sales by estates. Instead, the estate gets a basis for the residence that is stepped up...
Yeah, if you're a trustee and a beneficiary and are renting to yourself or a corporation you own and control, then that would be a self-rental situation. The ru...
Issue is ownership and conctrol. If you, as a beneficiary or a shareholder, own or control the entity, like the trust or the S corp, then if one of those entiti...
This is a problem. You cannot file it as self-employment income if you're getting a K-1 from an estate or trust. It should be reported on Sch F by the estate or...
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