Refer to Problem 14-39. How would your answers change if the trust were a discretionary trust that
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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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The answer to Part a deductible trustees fee will not change if the trust makes a discretionary distribution of only 12000 The answer to Part b taxabl...View the full answer
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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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