Glorietta Trust is an irrevocable discretionary trust that Grant Glorietta funded in 1999. The discretionary income beneficiary for life is Grant's son, Gordon Glorietta (single). Gordon is a partner in a partnership in which he materially participates, and he has a large basis in his partnership interest. For 2013, the trust had $50,000 of corporate bond interest, net of expenses, and no other income. It made no distributions to Gordon in 2013. Assume that it is now February 22, 2014, and Gordon has just learned that his share of loss from the partnership will be $72,000. Gordon has other income for 2013 of approximately $52,000. The trustee anticipates distributing $40,000 cash to Gordon before the end of February. For the last few years, Gordon's marginal tax rate was 15%. He claims the standard deduction, has only one exemption, and files as a single individual. Discuss a tax-saving opportunity presented by this scenario. Also show a comparative analysis of the alternatives.