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The distributable net income (DNI) for the Ellington estate is $28,000, including $7,000of tax exempt interest income. If the executor distributes $9,500 to the beneficiaries
The distributable net income (DNI) for the Ellington estate is $28,000, including $7,000of tax exempt interest income. If the executor distributes $9,500 to the beneficiaries in a year other than the final year, what amount may be taken as a distribution deduction? A. $2,500, B. $7,125, C. $21,000, D. $28,000
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