@frank527 wrote:
Is the Trust’s “business” holding and maintaining securities and real estate to qualify as an entity qualified for the NOL?
No, those activities are investment activities; they would not be considered a "business", the fact that the assets are held in a trust notwithstanding (i.e., merely because the assets are held in a trust does not elevate their status).
Trusts can certainly have an NOL, but only from actual business activities, such as operating a trade or business (commonly a sole proprietorship), farming, or the sale of rental property.
