pritchardmeaseley
Returning Member

Capital loss carryover in a trust that allocates capital gains to the beneficiary

My trust allocates capital gains to the beneficiary, but I understand that capital losses are to be trapped within the trust until carried forward and used to offset future gains or transferred to the beneficiary when the trust terminates.

 

The trust generated a LT capital gain (~$20K) allocated to the beneficiary, and a ST loss (~$3K). TT won't calculate the ST loss carryover.  How do I do this?  Tks