Which of the following statements in relation to trust losses in a discretionary trust is correct? O a. rust losses can be carried forward and offset against any income a beneficiary receives from sources other than the trust O b. Trust losses can be distributed to beneficiaries, as long as they are first offset against any exempt income of the trust. O c. Trust losses are quarantined inside the trust. Od. A discretionary trust can only carry forward losses if it has elected to become a family trust.