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The trustee distributes $ 3 0 , 0 0 0 from the trust to Marge. The trust states that any taxable income will also be
The trustee distributes $ from the trust to Marge. The trust states that any taxable income will also be considered trust income, causing the trustee to include dividends, rental income, and capital gains in the trust accounting income.Which of the following is true?a The trust is likely to pay the taxes associated with the $ at trust tax rates.b All $ will be included in DNI and get passed out to Marge.c The terms of the trust cant change what is considered income and principal under state law, so the capital gains taxes will be paid by the trust regardless of who receives the money
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