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M
midamericanwealth2
Level 1
March 22, 2021
Question

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?

  • March 22, 2021
  • 2 replies
  • 9 views
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2 replies

IRonMaN
IRonMaN
Level 15
March 22, 2021

Do you have the return checked as final? 

Slava Ukraini!
    sjrcpa
    sjrcpa
    Level 15
    March 22, 2021

    For $1 does it matter?

    The more I know the more I don’t know.
      IRonMaN
      IRonMaN
      Level 15
      March 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!
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