Question
How to allocation LT Capital Loss to a Trust Beneficiary
Hi -
I have a Complex Trust with 2 50% beneficiaries. The Trust owns stock shares in one company. One beneficiary sold stock during the year. I see how to allocate dividends earned on stock in current year but not how to allocate LT loss from the stock sale. How can I allocate the LT loss to a particular beneficiary and report on K1?
This is not the final year of the trust - the Trust agreement does allow for loss pass throughs.
Many thanks in advance for any help!
