Capital loss pass-through

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Reference no: EM13127497

A trust is required to distribute all of its income currently. Two years ago, it had a $10,000 capital loss. Last year, it had a $3,000 capital gain. This year the trust is terminated. Albert has a 40% interest in the trust, and Barbara has a 60% interest. Barbara receives a capital loss pass-through of:

a. $0

b. $2,400

c. $4,200

d. $7,000

Reference no: EM13127497

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