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1. The Bellow Trust has the following activities during Year 2. Dividend Income Tax-Exempt Interest Income Recognized Long-Term Capital Gain, allocated by the trust $100,000
1. The Bellow Trust has the following activities during Year 2. Dividend Income Tax-Exempt Interest Income Recognized Long-Term Capital Gain, allocated by the trust $100,000 15,000 25,000 agreement to income beneficiaries Fiduciary's Fees Contribution to Mt. Olive Church, paid on 8-30-Year3 from Year 2 trust accounting income, as authorized by the trust agreement Deduction for Discretionary Beneficiary Distributions (assumed)98,214 20,000 The trustee could, at her discretion, distribute any amount of the B Trust income or corpus during the term of the trust. Compute Bellow's taxable income
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