linfeib
Level 1
‎12-07-2019 02:58 AM
 
0 Cheers
sjrcpa
Level 15
‎12-07-2019 02:58 AM

For tax purposes it is simple or complex.


The more I know the more I don’t know.

View solution in original post

0 Cheers
linfeib
Level 1
‎12-07-2019 02:58 AM
Complex
0 Cheers
sjrcpa
Level 15
‎12-07-2019 02:58 AM
I believe the loss passes out to the beneficiary on  afinal return. I don't think the Regs regarding passive losses and trusts ever got written.

The more I know the more I don’t know.
0 Cheers
linfeib
Level 1
‎12-07-2019 02:58 AM
Thank you.  Do you know which screen in Lacert that can indicate the trust is Irrevocable trust?
0 Cheers
sjrcpa
Level 15
‎12-07-2019 02:58 AM
None. Your choice is simple or complex.

The more I know the more I don’t know.
0 Cheers