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Old 04-05-2021, 06:29 PM   #10
joey2665
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Quote:
Originally Posted by FlyingScot View Post
I am not an attorney or tax expert, and I agree with the others who advise that you should get both. But with that caveat--there should be no capital gains taxes in a trust unless the trust sells the house.
Correct no cap gain tax unless the asset is sold or if a beneficiary sells there share of the trust, naturally the sale in interest of the trust has to follow the guidelines as set forth in that particular trust.

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