1- Megan is the sole beneficiary of a simple trust. In the most recently concluded calendar year (Year 1), the trust received $80,000 of fiduciary accounting income, all distributable to Megan. However, she received $20,000 in March, $20,000 in July, $20,000 in October and a final payment of $20,000 on Janu-ary 20 of the following tax year (Year 2). How much income should Megan report on her income tax return for Year 1? How much income may the trust deduct for Year 1?

2- . A dies and bequeaths $10,000 to B and the residue of his estate to C. In the current year, B receives $10,000 and C receives $40,000 in distribu-tions from the estate (during which it has $10,000 of DNI). How much of the estates DNI are B and C deemed to receive?

If B and C are each 50% residuary beneficiaries?