The Wolffson Trust generated a net operating loss this year of $$60,000.$ The trust will terminate in seven more years. How much of this loss can the Trust, its sole income beneficiary, Diane, or its sole remainder beneficiary, Duke, deduct this year?

Neither beneficiary gets a deduction this year

Diane deducts $$60\mathrm{.}000$

Duke deducts $$60,000$

Diane and Duke each deduct $$30,000$

Diane, Duke, and the Trust each deduct $$20,000$