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TXX5774 Distributable Net Income (DNI) a. does not limit the amount that can be taxed to the estate/trust. b. limits the amount on which beneficiaries

TXX5774

Distributable Net Income (DNI)

a. does not limit the amount that can be taxed to the estate/trust.

b. limits the amount on which beneficiaries are subject to taxation.

c. applies to estates but not trusts.

d. will vary depending on the number of estate/trust beneficiaries

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