Question: Michelles trust made charitable contributions amounting to $4,800 in 2016. Is this likely a simple or complex trust? Explain your answer. In relation to charitable
Michelles trust made charitable contributions amounting to $4,800 in 2016. Is this likely a simple or complex trust? Explain your answer.
In relation to charitable contributions and distribution of income, explain two features that distinguish a simple trust from a complex trust.
What purpose is served by the distributable net income (DNI) of a trust?
Explain how the net investment income surtax is calculated for a trust.
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