Why the short-term loss is not able to offset the long-term gain in the trust? Below is what I found from https://turbotax.intuit.com
“Losses on your investments are first used to offset capital gains of the same type. So short-term losses are first deducted against short-term gains, and long-term losses are deducted against long-term gains. Net losses of either type can then be deducted against the other kind of gain.”
Is trust different from individual tax return rule?
