The Greens created a complex trust with two beneficiaries. COMPLEX TRUST WITH BENEFICIARIES A AND...
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Accounting
The Greens created a complex trust with two beneficiaries.
COMPLEX TRUST WITH BENEFICIARIES A AND B
Income from interest:$28,000
Capital Gain income:$ 8,000
Fiduciary fees: $ 4,000
The trust document allocates fiduciarys fees to trust corpus, along with any capital gains. What is the taxable income of the trust before the distribution deduction if the exemption for the trust is $100?
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