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a reasonable portion of indirect expenses of a trust must be allocated to tax-exempt income. the remainder of the indirect expenses are: a. nondeductable b.
a reasonable portion of indirect expenses of a trust must be allocated to tax-exempt income. the remainder of the indirect expenses are:
a. nondeductable
b. allocated to the specific class of income to which they are attributable
c. allocated to taxable income
d. allocated pro rate among all types of income:
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