Thank you for pointing me in the right direction. With your help I was able to determine that the $427 capital loss carryover is indeed legit and it will be use...
My "exempt" trust was created in 2020, the year of death of my surviving parent. It is exempt for purposes of generation skipping taxes. It is also considered a...
Correct. The 2022-1041 that I am preparing is my trust as the beneficiary to my parent's trust. My trust is like a sub-trust to the original Grantor Trust.
Maybe I am not using the term "Grantor" correctly. Are you considering my trust 1041 as a "Grantor Trust"? Because I use this term to refer to my parent's trust...
Found the Carryover Worksheet (CO/CF Worksheet). Yes, the $427 appears on Line 5. I also have large amounts on Lines 1 and 2 for the NOL that was was passed to ...