Under the terms of the will of Melvin Crane, $10,000 a year is to be paid to
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is to be paid to his widow and $5,000 a year is to be paid to his
daughter out of the estate?s income during the period of estate
administration. No charitable contributions are made by the
estate. During 2012, the estate made the required distributions
to Crane?s widow and daughter and for the entire year the estate?s
distributable net income was $12,000. What amount of the
$10,000 distribution received from the estate must Crane?s
widow include in her gross income for 2012?
$0$ 4,000$ 8,000$10,000
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date: