The distributable net income (DNI) for the Hamilton estate is 27000, including 4800 of tax exempt interest income. If the executor distibutes 9000 to the beneficiaries in a year other than the final year, what amount may be taken as an income distribution deduction?
The distributable net income (DNI) for the Hamilton estate is 27000, including 4800 of tax exempt interest income. If the executor distibutes 9000 to the beneficiaries in a year other than the final year, what amount may be taken as an income distribution deduction?
Chapter28: Income Taxation Of Trusts And Estates
Section: Chapter Questions
Problem 25P
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The distributable net income (DNI) for the Hamilton estate is 27000, including 4800 of tax exempt interest income. If the executor distibutes 9000 to the beneficiaries in a year other than the final year, what amount may be taken as an income distribution deduction?
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