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Which of the following statements is incorrect regarding the taxation of trusts and estates? A trust computes its tax using a tax rate schedule that
Which of the following statements is incorrect regarding the taxation of trusts and estates? A trust computes its tax using a tax rate schedule that is unfavorable relative to the rate A. schedules applicable to individuals. A trustee may not elect to treat any part of the trust's estimated tax payments as paid by a B. beneficiary. Trust income that is passed to a beneficiary retains the same character in the beneficiary's hands as when received by the trust. D. When a trust terminates, it no longer is a separate tax entity.
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