Question: Refer to Problem 14-39. How would your answers change if the trust were a discretionary trust that distributes $12,000 to its beneficiary, Julio? In problem

Refer to Problem 14-39. How would your answers change if the trust were a discretionary trust that distributes $12,000 to its beneficiary, Julio?
In problem
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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