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Old 01-26-2012, 11:12 PM
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Affect of Short Term Losses On Gross Income

An investment account year-end statement shows $613 in dividends, $1200 in interest, but a -$28,000 (realized short-term loss) of principal. What, then is considered the GROSS income? If this is the only financial activity for a trust, does a return need to be filed givent the $600 threshold and the large losses? I haven't received the 1099-B as yet, but am curious.



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