In Computing Distributable Net Income (DNI) for a Trust, One

question 111

True/False

In computing distributable net income (DNI) for a trust, one removes any net capital gain or loss that is allocable to income.

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Definitions:

Tympanitis

Inflammation of the ear drum, also known as tympanic membrane, leading to pain and possible infection.

Otitis

Inflammation of the ear, which can affect the outer, middle, or inner parts and can cause pain, fever, and sometimes, difficulty hearing.

Otosclerosis

A condition characterized by abnormal growth of bone in the middle ear, often leading to hearing impairment.

Ménière's Disease

A disorder of the inner ear characterized by episodes of vertigo, tinnitus, and hearing loss.