Question: Second tier distributions are: Amounts distributed to charitable organizations. The lesser of distributions to beneficiaries from the estate's or trust's income or distributable net income
Second tier distributions are: Amounts distributed to charitable organizations. The lesser of distributions to beneficiaries from the estate's or trust's income or distributable net income (DNI), each one calculated without tax-exempt income. Amounts included from the trust's or estate's income that are, or are required to be, distributed to beneficiaries. Amounts that the entity pays to the beneficiary out of principal, rather than income.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
