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  • 1.  carryforward loss

    Posted 08-28-2018 12:17 PM
    Preparing a final return for a Trust.  There is a $9,000 carryforward loss.   In the final year, can the full capital loss be utilitized or it's still limited to $3,000 and the remaining portion is lost?  If a Credit Shelter Trust replaces the existing trust, can the remaining unused portion of the carryforward loss transfer to the new entity?

    Thanks in advance for the guidance. ​

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    Jay Gordon CPA
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