Question
QUESTION 15 Julie is the beneficiary of a discretionary trust. She is 20 years old. Last year, she received a $3,000 distribution from the trust.
QUESTION 15
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Julie is the beneficiary of a discretionary trust. She is 20 years old. Last year, she received a $3,000 distribution from the trust. Julie had no other sources of income for the year.
Who is liable for tax on Julie's trust income?
Her parents
Julie
No one
Trustee of the trust
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Nessus Network Auditing
Authors: Russ Rogers
2nd Edition
1597492086, 978-1597492089
