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Ashley, a cash basis taxpayer died on February 3 during the year the estate executor made a distribution of $15,000 from estate income to ashleigh
Ashley, a cash basis taxpayer died on February 3 during the year the estate executor made a distribution of $15,000 from estate income to ashleigh so air in adopted a calendar year to determine the Estates taxable income, the following additional information pertains to an estate income and disbursements for the yearEstate income: Taxable interest: $70,000 Not long-term capital gains allocable to corpus: $8,000 estate disbursements: Administrative expenses attributable to taxable income: 18,000 Charitable contributions from gross income to a public charity made under the terms of the will: 6,000 Calculate the Estates, DNI (distributable net income) and the Estates taxable income show work for credit Kstete inonte Taiathe inenet. Reil bong tom caydal giten alocentis is corper Caten itolobentert: B t Y 5 Furrish
Estate income:
Taxable interest: $70,000
Not long-term capital gains allocable to corpus: $8,000
estate disbursements:
Administrative expenses attributable to taxable income: 18,000
Charitable contributions from gross income to a public charity made under the terms of the will: 6,000
Calculate the Estates, DNI (distributable net income) and the Estates taxable income
show work for credit
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