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A simple trust has a distributable net income (DNI) of $45,000 and net accounting income of $50,000, all from taxable sources. The trust has a
A simple trust has a distributable net income (DNI) of $45,000 and net accounting income of $50,000, all from taxable sources. The trust has a sole beneficiary, Nick. The trust reports on a calendar tax year and distributes the $50,000 of 2019's net accounting income to Nick on January 20, 2020.
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Federal Taxation 2014 Comprehensive
Authors: Timothy J. Rupert, Thomas R. Pope, Kenneth E. Anderson
27th Edition
978-0133452006, 013345200X, 978-0133450118, 133450112, 978-0133438598
