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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: Nondeductible. Allocated to
A reasonable portion of indirect expenses of a trust must be allocated to tax-exempt income. The remainder of the indirect expenses are:
Nondeductible.
Allocated to the specific class of income to which they are attributable.
Allocated to taxable income.
Allocated pro rata among all types of income.
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