7
704set
The individual is both the trustee and the donor of a trust. The trust
has its own TIN. The individual's house was sold in the trust. The
individual has tax losses on their individual return. Can the cap gain
on the house in the trust somehow be offset by the tax loss on the
individual?
Thanks,
704set
has its own TIN. The individual's house was sold in the trust. The
individual has tax losses on their individual return. Can the cap gain
on the house in the trust somehow be offset by the tax loss on the
individual?
Thanks,
704set