In June of year 1, Angelina (a calendar-year taxpayer) becomes the beneficiary of a new calendar-year trust. At the same time, Angelina also becomes the beneficiary of an estate that elects a March 31 fiscal year-end. During year 1, Angelina receives income distributions of $12,000 from the trust and $18,000 from the estate.

a. In which year does Angelina report the income from the trust?

b. In which year does Angelina report the income from the estate?

AppendixLO1