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- Passive Loss Carryover at transfer of PTP
Passive Loss Carryover at transfer of PTP
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FilmfanLee
Level 1
05-07-2020
03:44 PM
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An Estate accumulates Passive Activity Loss C/O while estate is being settled. Once settled, a PTP interest is transferred to a Trust. Do PAL C/O accumulated during the life of the estate carry to new trust holding the investment, or are they lost at the Estate level?
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