If a trust has income required to be distributed of $16,000 (and DNI is $16,000), other...
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If a trust has income required to be distributed of $16,000 (and DNI is $16,000), other amounts paid or required to be distributed of $25,000, and tax-exempt interest income of $4,013 (which is included in both DNI and the $16,000 income required to be distributed), then what is the income distribution deduction reported on Schedule B (Form 1041), line 15? $11,987 $16,000 $20,987 $25,000 If a trust has income required to be distributed of $16,000 (and DNI is $16,000), other amounts paid or required to be distributed of $25,000, and tax-exempt interest income of $4,013 (which is included in both DNI and the $16,000 income required to be distributed), then what is the income distribution deduction reported on Schedule B (Form 1041), line 15? $11,987 $16,000 $20,987 $25,000
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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