Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Final Year deductions

Ruth1
Level 4

Trusts sold a piece of Real estate at a loss so my research tells me it is the trusts loss and not the beneficiary's. I am perplexed as to why final year deductions are flowing through to the beneficiary's. They do not get the loss but they do get final year deductions? The FYD is the selling expense on the property. Thank you for any help.

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
sjrcpa
Level 15

In the final year of a trust everything flows out to the beneficiaries - income, gains, losses, deductions.


Ex-AllStar

View solution in original post

0 Cheers
3 Comments 3
sjrcpa
Level 15

In the final year of a trust everything flows out to the beneficiaries - income, gains, losses, deductions.


Ex-AllStar
0 Cheers
Ruth1
Level 4
Thank you!
0 Cheers
sjrcpa
Level 15
You're welcome

Ex-AllStar
0 Cheers