A Complex Trust Is Automatically Exempt from the Federal AMT

question 22

True/False

A complex trust is automatically exempt from the Federal AMT.

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Definitions:

Loop of Henle

A long, U-shaped portion of the tubule that conducts urine within each nephron of the kidney. It plays an important role in concentrating urine and recovering water and ions from the urine.

Proximal

Anatomical term meaning closer to a point of attachment or closer to the trunk of the body.

Distal Tubules

Sections of the nephron in the kidney that play a crucial role in the reabsorption of ions, water, and in the secretion of substances like potassium and hydrogen ions.