I probably am not the first to think of this and the IRS most likely has this covered but if one wanted to put their rental into a trust and then have the trust sell it, would they save on taxes since they no longer own the rental?
The rental in question is located outside the U.S., the one who wants to do this files a 1040 each year.
Even if this is doable, who controls the rental, the trust doesn't think for itself so decides to sell it for the trust?