Question: ABC Trust, a simple trust, has three equal beneficiaries. The trust has $12,000 of taxable interest, $9,000 of tax-exempt interest, and $18,000 of long-term capital

ABC Trust, a simple trust, has three equal beneficiaries. The trust has $12,000 of taxable interest, $9,000 of tax-exempt interest, and $18,000 of long-term capital gain. Capital gains are allocated to corpus. How much gross income will each beneficiary recognize from the trust

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