Quote Originally Posted by buxlo12 View Post
Yes you can still deduct expenses however I don't want to be accruing losses in my trust with no income to offset.
I also do not want a tax bill where I would I would have to either sell shares or contribute funds.
Just because you dont want to accumulate losses is no reason to turn exempt income into taxable income. The losses wont be forfeited so have value even if used in later periods.