section 121, split with Credit Shelter Trust

Technical topics regarding tax preparation.
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Residence is jointly owned by Credit Shelter Trust and surviving spouse who is now in nursing home. It is my understanding of section 121 that the CST will report 1/2 of sale offset by stepped up basis. Also surviving spouse has 4 years from date she moved out to qualify for exclusion per 121(d)(7).

Please let me know if you agree or not.

Thank you.
 

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