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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.

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sjrcpa
Level 15

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

The more I know, the more I don't know.

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3 Comments 3
sjrcpa
Level 15

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

The more I know, the more I don't know.
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Ruth1
Level 4
Thank you!
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sjrcpa
Level 15
You're welcome
The more I know, the more I don't know.
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