What amount of the $150,000 is taxable to
Karen?
After the first tier distributions ($60000/2 = $30000 to each
income beneficiaries) are accounted for, $100000 DNI remains to be
assigned to the beneficiaries on the second tier ($160000 DNI -
$60000 DNI used for first tier distribution).
Amount
Received
DNI Received =Gross Income ,Portfolio Income
First
Tier
$30000
$30000
Second Tier
$120000
$120000
Total
$150000
$150000
What amount of the $30,000 is taxable to
Kim?
Amount
Received
DNI received =Gross Income,Portfolio income
First Tier
$30000
$30000
Second Tier
0
0
Total
$30000
$30000
What is DNI after the required
distribution?
| The DNI after the
required distribution is ($160000-$60000)= $100000 |
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