Originally posted by Snaggletooth
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However, in view of the Aragona decision it would appear that taking the real estate losses would reduce (or may reduce) DNI which may be of significant benefit to current income beneficiaries whether there is an actual distribution or not. In some cases, NOL's may result which can be carried back, or forward.
Certainly the Aragona decision will be appealed or even maybe re-heard by the Tax Court. Going forward, one can rely on it.
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