Beverley is the beneficiary of a trust. The trust has experienced an allowable capital loss of $40,000 and a business loss of $10,000. Beverley pays taxes at the top marginal rate and would like to claim any losses that can be allocated out of the trust to herself. How much can be allocated?

Answer rating: 100% (QA)

Sol Beverley can use the allowable capital loss of 40000 to offset ... View the full answer