The Trotter Trust has the receipts and expenditures listed below for the current year. Assume the Uniform
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Dividends …………………………………. $15,000
Interest on tax-exempt bonds ……………… 7,000
Loss on sale of capital asset ………………. (9,000)
Rental income from land ………………….. 6,000
Property taxes on rental property …………. 1,000
Trustee’s fee ………………………………. 1,800
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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