Question: Explain the difference between a private-purpose trust and a public-purpose trust. Can you provide examples to help me better understand? How does the reporting for

Explain the difference between a private-purpose trust and a public-purpose trust. Can you provide examples to help me better understand? How does the reporting for the 2 types of trusts differ?

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Explain the difference between a private-purpose trust and a public-purpose trust. How does the reporting for the two types of trusts differ?

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