A friend of yours is in the process of establishing a trust in which YOU will be the sole

beneficiary. The proposed trust will be a simple trust which will have $200,000 of rental income

before depreciation expense of $80,000. Your friend is trying to decide whether to have the trust

written so that depreciation is specifically treated as an expense at trust level OR to have

depreciation "follow the income". As the beneficiary, do you care which way depreciation is

treated? Please explain your reasoning.