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