Question: A complex trust is a trust that a. Must distribute income currently, but is prohibited from distributing principal during the taxable year. b. Invests only

A complex trust is a trust that

a. Must distribute income currently, but is prohibited from distributing principal during the taxable year.

b. Invests only in corporate securities and is prohibited from engaging in short-term transactions.

c. Permits accumulation of current income, provides for charitable contributions, or distributes principal during the taxable year.

d. Is exempt from payment of income tax since the tax is paid by the beneficiaries.

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