Distributable Net Income (DNI)is Not Reduced by the Charitable Contribution

question 18

True/False

Distributable net income (DNI)is not reduced by the charitable contribution deduction when calculating the deductible discretionary distributions for a complex trust.

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Definitions:

Self-Esteem

One’s overall assessment of one’s worth as a person.

Sensation-Seekers

Individuals who have a preference for novel, complex, and intense sensations and experiences, often willing to take physical and social risks for these experiences.

Narcissism

A personality trait marked by an inflated sense of importance, a need for attention and admiration, a sense of entitlement, and a tendency to exploit others.

Accept Criticism

The ability or willingness to receive and constructively use feedback regarding one’s actions or behaviors.