Re: I have a $1 LT Capital loss carryforward on a trust return. This is the last year of the trust. How do I distribute this $1 loss so I can close out the trust?

midamericanwealth2 · ‎03-22-2021

IRonMaN · ‎03-22-2021

Do you have the return checked as final?

Slava Ukraini!

sjrcpa · ‎03-22-2021

For $1 does it matter?

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

IRonMaN · ‎03-22-2021

That's kinda what I was thinking. But then again, I'm in Mid America and I'm not wealthy, so what do I know ☹️

Slava Ukraini!

I have a $1 LT Capital loss carryforward on a trust return. This is the last year of the trust. How do I distribute this $1 loss so I can close out the trust?