@pritchardmeaseley wrote:
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?
You are correct about capital losses being "trapped" until termination, but capital losses do offset capital gains at the trust level. The roughly $3,000 loss will offset part of the $20,000 gain before distribution.
