Question
Scenario: The Heredia Trust is a complex trust. In Year 3, the Heredia Trust had various items of income and expense as indicated below. Instructions:
Scenario: The Heredia Trust is a complex trust. In Year 3, the Heredia Trust had various items of income and expense as indicated below.
Instructions: For each item below, please indicate how much, if any, should be included in the calculation of distributable net income for Year 3. Enter all items as positive numbers
| 1 | What is the total DNI in Year 3? | |
| 2 | Assuming distributions to beneficiaries in Year 3 are $45,000, what is the income distribution deduction? |
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Corporate Accounting Information Systems
Authors: Tony Boczko
1st Edition
0273684876, 978-0273684879
