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posted Jun 4, 2019 11:05:24 PM

Can capital loss carryovers from stock (within a trust) offset the gains on an inherited house that is sold (within the same trust)?

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Level 15
Jun 4, 2019 11:05:25 PM

Yes. In fact, if you enter the loss carryover from the stock sale(s) and the sales proceeds from the sale of the house (and its basis), you will see that the loss and gain are offset at the trust level. 

Enter Forms Mode, open Schedule D, and check Part III, Line 19.

1 Replies
Level 15
Jun 4, 2019 11:05:25 PM

Yes. In fact, if you enter the loss carryover from the stock sale(s) and the sales proceeds from the sale of the house (and its basis), you will see that the loss and gain are offset at the trust level. 

Enter Forms Mode, open Schedule D, and check Part III, Line 19.