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A trust is entitled to a depreciation deduction of $5,000. The trust is required to distribute all of its accounting income at least annually to
A trust is entitled to a depreciation deduction of $5,000. The trust is required to distribute all of its accounting income at least annually to Janet. The trust has accounting income of $3,000 and has DNI of $3,000. How is the depreciation deduction allocated between the trust and Janet?
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
