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Gregory Carson is a 25% income beneficiary of the John Carson trust. This year the...

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Accounting

Gregory Carson is a 25% income beneficiary of the John Carson trust. This year the trust reported the following Income:

* $1,500 taxable interest.

* $500 tax exempt interest.

* $2000 qualified dividends.

Its only expense was $1000 in attorney fees. How much in qualified dividends will Gregory's Schedule K-1 report?

A. $1000

B. $438

C. $375

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