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Deductions & credits
@JFW3 wrote:.....I read this as saying, "the sale or exchange by the trust will be treated as if made by the taxpayer."...
Except with a grantor trust, the trust and the taxpayer (grantor) are one and the same; the trust is disregarded for federal income tax purposes.
A nongrantor trust is treated as a separate entity.
‎July 4, 2024
3:16 PM