When a Beneficiary Receives a Distribution from a Trust of an Asset

question 119

Short Answer

When a beneficiary receives a distribution from a trust of an asset other than cash, the realized loss generally is
(recognized, not recognized) by the trust.

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Definitions:

Sustainable Use

Utilization of natural resources in a way that maintains their viability and preserves their ecological balance for future generations.

Nonrenewable Materials

Materials or resources that cannot be replaced once consumed, such as fossil fuels, minerals, and metals, often leading to concerns over their depletion and environmental impact.

Internalize External Costs

The process of accounting for the environmental and societal costs of economic activities in the price of goods and services.

Tradable Pollution Rights

An economic strategy for pollution control that rewards the decrease in pollutant discharges through financial incentives.