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Select the best answer. Which of the following is true regarding DNI and a complex trust? A. The income distribution deduction is limited to the
Select the best answer. Which of the following is true regarding DNI and a complex trust? A. The income distribution deduction is limited to the greater of DNI or the actual distributions B. DNi is increased by tax-exempt income included in the amount of accounting income. . If DNI limits the distribution deduction it will be absorbed by Tier 1 distributions first. Any amounts paid over and above the required distributions are considered Tier lI D. distributions and reduce DNI. Submit Answers
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