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9. All of the following are true about Distributable Net Income (DNI) EXCEPT: IS b. DNI prevents trust income from being taxed twice the character
9. All of the following are true about Distributable Net Income (DNI) EXCEPT: IS b. DNI prevents trust income from being taxed twice the character of DNI carries over to the beneficiaries DNI is deducted from the gross income of the trust DNI is tax exempt to the beneficiaries C. d
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