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Income tax return on Sale of Real Estate in Trust
House left to myself and 2 brothers. House was in trust (if that matters). House just sold at a loss. I am the executrix. I do know that I need to file a tax return on the estate. My question though is the money received from the sale is being split 3 ways. Do each of us need to add what we receive from the sale of that property to our salary on our personal income tax return?
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