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:

Assumption of Risk

A legal principle where an individual knowingly and voluntarily takes on the risks associated with an activity.

Disclaimers

Statements that deny responsibility or limit liability for certain information, opinions, or potential risks.

Unfair Hiring Practices

Discriminatory or biased procedures in the recruitment process that unjustly favor one candidate over another.

Surveillance Cameras

Electronic devices used for monitoring activities in various environments to enhance security, gather evidence, or observe behavior.