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The Morris Townsend Estate received $2000 of taxable interest income and $1000 of tax exempt interest income. It had no expenses. The estate distributed $4000
The Morris Townsend Estate received $2000 of taxable interest income and $1000 of tax exempt interest income. It had no expenses. The estate distributed $4000 to beneficiaries. How much is its income distribution deduction?
A. $1000
B. $2000
C. $4000
*These are the only possible answers. Please choose one them them!
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