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Identify which of the following statements is false A complex trust must distribute all its income annually The personal exemption for a trust provides a
Identify which of the following statements is false A complex trust must distribute all its income annually The personal exemption for a trust provides a tax savings when some income is allocated to principal Distributabio net income (DNI) sets the ceiling on the amount of distributions taxed to the beneficiaries. The beneficiaries of a simple trust are taxed on their share of DNI irrespective of the amount they receive Previous Not saved Sul
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