A simple trust has one beneficiary and in the current year has interest income of 8,000.00, tax
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A simple trust has one beneficiary and in the current year has interest income of 8,000.00, tax exempt interest of$6,000.00, c/g income of$4,000 and fiduciary fees expense of $2,000.00 (allocable to income). The trust agreement allocates c/g to corpus. Compute the Income Distribution Deduction
Compute the entity's taxable income Compute beneficiary's tax income inclusion
Related Book For
Federal Taxation 2014 Comprehensive
ISBN: 9780133438598
27th Edition
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
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