Can you deduct capital gains losses from a trust account against your current capital gains on your personel tax account?

[jeffd]

I have capital gins losses on a trust account shared with my brothers when my mom died. I have capital gains on my personel taxes. Is there any way to use those losses from the trust account to offset my gains?

[Anonymous_ · Accepted solution]

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@jeffd wrote:
...Is there any way to use those losses from the trust account to offset my gains?

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Does the trust file a Form 1041? Do you receive a K-1 from the trust?

Typically, a trust filing a Form 1041 will only pass through net capital losses when it terminates and files its final return.