You are the trustee for the Steadman Trust. The trust has $50,000 of interest income, all of
Question:
a. What would be the impact on the trust and the beneficiary if an election is made to recognize gain on the land?
b. What is the impact on the trust and the beneficiary if the election is not made?
c. What you do recommend?
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Related Book For
Taxation For Decision Makers 2014
ISBN: 9781118654545
6th Edition
Authors: Shirley Dennis Escoffier, Karen Fortin
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