Trust B

[ELNbluemax2]

After my husband's death, the Trust B became irrevocable. Our home is in the Trust. If I, as Trustee, sell the home, and put all proceeds back into the Trust B,does the 250,000 tax exemption still apply on any increase in value??
Thanks

 

[dmode101]

Assuming the trust is drafted and administered properly, yes, it should. Check with a local attorney for best results.