I have a irrevocable trust I'm the sole beneficiary and trustee the trust owns a single family residence which is my primary residence. I have to sell the property currently and want to know about the tax implications of the sale. The trust would have a capital gain event. However, I have a loss carry forward (personally) that would more than offset the capital gain were the gain passed through to me. OR do I have to distribute the asset (home) out of the trust first, and then sell it to take advantage of my loss carry forward??? There are solid reasons (asset protection) to keep the asset (home) in the name of the trust. But I cant afford the tax event. thanks for your help..