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safezone safezone
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7 years ago
A trust reports the following results:

Interest from corporate bonds   $20,000
Dividends   10,000
Tax-exempt interest   20,000
Trustee fees   6,000
Capital gain   10,000

All of the items are allocated to income except the capital gains. Calculate the maximum amount of trustee fees that are deductible.
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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That's not philosophy, it's geometry
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strwbrrystrwbrry
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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