Which of the following distributions meets the qualifications of a simple trust? a. The trust distributes all
Question:
Which of the following distributions meets the qualifications of a simple trust?
a. The trust distributes all of the current year’s income to the beneficiaries.
b. The trust distributes part of the trust principal to the beneficiaries.
c. The trust distributes all of the current year’s income to a charitable organization.
d. The trust distributes part of the trust principal to a charitable organization.
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Step by Step Answer:
Choice a is correct A simple trust is required to distribute all of the income earned fo...View the full answer
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Related Book For 
South Western Federal Taxation 2023 Comprehensive Volume
ISBN: 9780357719688
46th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young
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