Question 50 of 75. Ellen died with the following property: house in joint tenancy with her boyfriend, stocks owned individually, a bank account held individually, and her household goods. What schedules must her executor complete? Schedules A, B, and C. Schedules A, B, C, E, and F. Schedules B, C, E, and F. Schedules C, D, and F. Mark for follow up Question 59 of 75. Which of the following statements regarding taxation of trust income is correct? A trust is taxed on retained income, but beneficiaries are not taxed on trust income disbursed to them. A trust is taxed on income it retains, and beneficiaries are taxed on trust income distributed to them. A trust is taxed on income it distributes to beneficiaries, and beneficiaries are taxed on income the trust retains. The trust and beneficiaries are both taxed on all trust income. Mark for follow up