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Get your taxes done using TurboTax
tagteam,
I understand your reply that as a rule, passive losses remain within the trusts.
But you said that "If the trusts distribute the passive activity itself, the passive losses will follow." My question then is how do I get TurboTax to recognize that the passive rental activity should be distributed to the beneficiary? Is this possible in TurboTax Business?
‎September 28, 2024
11:47 AM