A Simple Trust Has the Following Results $$\begin{array} { l r } \text { DNI } & \$ 60,000 \\\text { Net tax-exempt interest } & 8,000 \\\text { Net accounting income } & 62,000\end{array}$$

question 40

Short Answer

A simple trust has the following results: $$\begin{array} { l r } \text { DNI } & \$ 60,000 \\\text { Net tax-exempt interest } & 8,000 \\\text { Net accounting income } & 62,000\end{array}$$ Calculate the distribution deduction.

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