An estate distributes an asset to its sole income beneficiary. The distribution wan, not a specific bequest. The basis of the asset to the estate is $1,000, and the asset's fair market value is $,5,000. The distributable net income of the estate is $9,500. No other distributions are made, nor was an election made by the fiduciary with respect to this distribution.

a.How much is the estate's distribution deduction, and the beneficiary's taxable income, from the distribution?

b.How much is the basis of the asset to the beneficiary after the distribution?

c.How much is gain recognized to the estate due to the distribution?

d.An executor elected to recognize gain or loss on the distribution of an asset as if the property has been sold to the beneficiary. How much is the estate's distribution deduction, and the beneficiary's taxable income, from the distribution?

e.If the distribution was made in lieu of a specific bequest of $9,000 cash, how much gain would be recognized to the estate due to the distribution, if the executor did not elect to recognize gain or loss on the distribution.

f.If the distribution was made in lieu of a specific bequest of $9,000 cash, how much would be gain recognized by the beneficiary due to the distribution, if the executor did not elect to recognize gain or loss on the distribution.

g.If the fair market value of the property is $500, rather than $5,000, how much is the estate's distribution deduction, and the beneficiary's taxable income, from the distribution?

h.If the fair market value of the property was $5000, but the distributable net income was only $400, how much will be the estate's distribution deduction, and the beneficiary's taxable income, from the distribution?