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A simple trust has one beneficiary and in the current year has interest income of 8,000.00, tax exempt interest of $6,000.00, c/g income of

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A simple trust has one beneficiary and in the current year has interest income of 8,000.00, tax exempt interest of $6,000.00, c/g income of $4,000 and fiduciary fees expense of $2,000.00 (allocable to income). The trust agreement allocates c/g to corpus. Compute the FAI Compute the TTI Compute the DNI Compute the Income Distribution Deduction Compute the entity's taxable income Compute beneficiary's tax income inclusion

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