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That is what happened to me and it doesn't make since if losses stay in the trust. I was hoping someone could explain this. Perhaps it's a quirk in the software...
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When reading about trust losses, I'm told that losses stay in the trust until the trust is completed. I have rental losses and the software carried the losses t...
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Thanks so much for everyone's replies. I really appreciate this.
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Thanks so much for everyone's replies, I really appreciate this.
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The employer would gift the property at the employer's basis so no gain. It does, however, look as though this is a wage bonus and not a gift for Form 709. Ever...
