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?
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.