The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains...

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The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains and losses and expenses are allocable to the trust corpus. AKRONZIPS trust's asset generated: Taxable Interest income of $10,000 Tax Exempt Interest $15,000 Dividend Income of $20,000 Net LT Capital Gains of $25,000 Fiduciary Fees $6,000 This trust requires all income to be distributed annually. 1. What type of trust is this? 2. What is the trust exemption amount $ The taxable income is calculated as: (6 points) Taxable income = The DNI is calculate as: (6 points) DNI = (1.5 points) (1.5 points)? The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains and losses and expenses are allocable to the trust corpus. AKRONZIPS trust's asset generated: Taxable Interest income of $10,000 Tax Exempt Interest $15,000 Dividend Income of $20,000 Net LT Capital Gains of $25,000 Fiduciary Fees $6,000 This trust requires all income to be distributed annually. 1. What type of trust is this? 2. What is the trust exemption amount $ The taxable income is calculated as: (6 points) Taxable income = The DNI is calculate as: (6 points) DNI = (1.5 points) (1.5 points)?

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1 This trust is a Simple Trust In a Simple Trust all income must be distributed annually to the bene... View the full answer