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Title: A trust has net accounting income and distributable net income (DNI) of $60,000, all from taxable ... Post by: safezone on Feb 15, 2017 A trust has net accounting income and distributable net income (DNI) of $60,000, all from taxable sources. The trustee is required to distribute $40,000 of current income to Harry. In addition, the trustee makes a discretionary distribution to Harry of $10,000 and a discretionary distribution to Susan of $30,000. $20,000 of the $40,000 total discretionary distributions is from corpus. Gross income reportable by Harry is
A) $50,000. B) $45,000. C) $37,500. D) $30,000. Title: Re: A trust has net accounting income and distributable net income (DNI) of $60,000, all from ... Post by: Rimoun on Feb 15, 2017 Content hidden
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