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Employee
October 17, 2022
Question

Inherited real property still in trust

  • October 17, 2022
  • 1 reply
  • 0 views

To clarify, 

an inherited passive income property which is still in our father's trust, 

EIN assigned after his death with proper notification to assessor and county recorder,

which has accumulated a huge carry forward loss,

can either be used up by its own passive income or the passive loss carry forward can follow the property to the same legal owners who accumulated the loss when the property is taken out of trust?

    1 reply

    Employee
    October 17, 2022