A Simple Trust Has a Distributable Net Income (DNI)of $50,000

question 97

Multiple Choice

A simple trust has a distributable net income (DNI) of $50,000 and net accounting income of $60,000, all from taxable sources. The trust has a sole beneficiary, Marty. The trust reports on a calendar tax year and distributes the $60,000 of 2018's net accounting income to Marty on January 20, 2019. No other distributions are made in the current year. Marty's taxable income from the trust this year is

• A)$0.
• B)$49,700.
• C)$50,000.
• D)$60,000.

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