so I have figured out how to allocate current year trust capital gains to the beneficiary's K-1, but TT is reducing the trust's capital loss carryover by the amount of the capital gain allocated to the beneficiary.
How can I prevent TT from doing this?
It doesn't make sense that if the CG is pass throughed to the K-1 and thus is taxable on the beneficiarys personal return, why would TT then us up a portion of its capital loss carryover belonging to the trust?
