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During the current year an inter-vivos trust had capital gains of $80,000 and capital losses of $30,000. The trust also has net capital losses of
During the current year an inter-vivos trust had capital gains of $80,000 and capital losses of $30,000. The trust also has net capital losses of $16,000 from previous years. Determine the maximum amount the trust can allocate to beneficiaries in the current year.
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