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The Johnson Trust had distributable net income (DNI) of $100,000. The trust is to distribute the entire amount of DNI to the trust beneficiaries, Maria
The Johnson Trust had distributable net income (DNI) of $100,000. The trust is to distribute the entire amount of DNI to the trust beneficiaries, Maria and Julie, 70% and 30% respectively. What amount of the distribution would be reported on each beneficiarys schedule K-1? Maria : Julie 1) 0, 0 2) 50,000, 50,000 3) 70,000, 30,000 4) 100,000 100,000
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