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Get your taxes done using TurboTax
we have no way of knowing if this is a beneficiary lettter with info to report for tax purposes or meary what's taken place in the trut
if this was a beneficiary letter, there should have been included instructions for reporting
tax reporting info see these links
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Baker Tilly provides tax accounting services to the Trust and issuance of beneficiary letters (in lieu of K-1 or 1099 that would previously be submitted by the Company) on behalf of the Trust.
the trust is a grantor trust so you could enter the tax reporting info through a trust k-1
we have no way to know if those losses would be considered business losses for federal amd state purposes or investment expenses which are not deductible for federal purposes.