LO.2, 3 Assume the same facts as in Problem 30, except that the trust instrument allocates the
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LO.2, 3 Assume the same facts as in Problem 30, except that the trust instrument allocates the capital gain to income.
a. How much income is each beneficiary entitled to receive?
b. What is the trust’s DNI?
c. What is the trust’s taxable income?
d. How much gross income is reported by each of the beneficiaries?
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Related Book For 
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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