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the effect of the income distribution deduction is: to cause distributions of principal to be treated as taxable income to shift the tax burden of
the effect of the income distribution deduction is:
to cause distributions of principal to be treated as taxable income
to shift the tax burden of income from the estate or trust to the beneficiary
to allow a beneficiary to claim a deduction for indirect expenses allocated to tax-exempt income
to apply passive losses against nonpassive income
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