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Get your taxes done using TurboTax
TurboTax Business might be keeping the loss at the trust level because passive losses aren’t always distributed automatically. Make sure you’ve marked the rental income as distributable to the beneficiary and check that passive losses are set to flow through. If it still doesn’t work, compare it to your CPA’s return for any special settings or overrides they used. If needed, reach out to TurboTax support or your CPA for guidance.
January 27, 2025
4:04 AM