Question
46. This year, the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income (DNI). Nano distributed $30,000 cash to Horatio, its sole
46. This year, the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income (DNI). Nano distributed $30,000 cash to Horatio, its sole income beneficiary. Nano is a complex trust. Nano's distribution deduction is:
a.$0. Because the distributions of a complex trust are discretionary, no deduction is allowed.
b.$50,000.
c.$30,000.
d.$40,000.
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
