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Transferring Assets-Duncan I need your opinion Reply: 1.1.1 From: Duncan M On 3/22/01 8:33:00 AM, Marina. L wrote: >Everyone says that I should >sell the old house and then >use the funds to reduce the >debt in the new home. >I love my old house, and I >just couldn't bear to part >with it...

Reply: 1 From: Duncan M >and being an >investment in a trust the >deductions flow to the >beneficiaries.... me. Wrong... A loss in a trust stays there. It may however be carried forward to be offset in the profit of a future year.. But a loss cant 'flow' to a beneficiary.. Regards, Duncan.