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Final Year deductions

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Ruth1
Level 1

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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All-Star

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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All-Star

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.

View solution in original post

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Ruth1
Level 1
Thank you!
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All-Star
You're welcome

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