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knmplex trust tax return A trust has been established with the following terms: one half of the income is paid to A and the otherhalf

 

image text in transcribed knmplex trust tax return A trust has been established with the following terms: one half of the income is paid to A and the otherhalf is paid out at the discretion of the trustee to B, C, and D, or accumulated. For the current tax year,the trust reported the following: 000000000 In addition to the required distribution to A, the trustee distributes 510,000 of trust accounting incometo each of B, C, and D. As part of preparing the tax return, you should compute trust accounting income,taxable income, DNI, the trust's distribution deduction, and the character and amount of thebeneficiaries' inclusion. Complete Form 1041 for this complex trust and the required schedules including the Schedule K-1

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