Bypass trust Return

I am a beneficiary of a Bypass trust. I understand that the trust income will distribute to me via schedule K1. My tax return is done by a tax accountant. So I do not no the details how it work. I recently had a tax return question and asked my tax accountant. He was able to answer. So I am seeking help in the forum. Below is my question:

 

Does the distributed income/loss in the Bypass stock account simply combine with the beneficiary’s income for tax purposes? Here I am using some numbers to clarify my question:

Assume that the Bypass trust’s stock account has the following outcomes:

Long-term gain: $10,000

Short-term gain: $10,000

Short-term loss: $20,000

 

and the beneficiary’s own stock account has the following outcomes:

Short-term gain: $10,000

 

My question is, can the short-term loss (20,000) in the Bypass trust to be used to offset both the short-term loss ($10,000) in the Bypass account and in the beneficiary’s own stock account ($10,000)? Or can it only offset the gains (long or short) in the Bypass account? In other words, does the beneficiary pay long- or short-term gain for the $10,000 net gain? Vice versa, can a beneficiary’s own stock account loss offset the Bypass account’s gain?