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4. The governing instrument of the Hoagland Simple Trust does not define income and principal. The state in question has adopted the Uniform Act (half

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4. The governing instrument of the Hoagland Simple Trust does not define income and principal. The state in question has adopted the Uniform Act (half of Trustee's fees are charged to income and capital gains are attributable to corpus). The Trust can only distribute income. In the current year, the trust reports the following receipts and disbursements: What is the Trust's taxable income

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