One-Fourth of the Cruger Estate's Distributable Net Income Consists of Net

question 112

True/False

One-fourth of the Cruger Estate's distributable net income consists of net long-term capital gains. Thus, when income beneficiary Susie receives a $40,000 income distribution from the estate, $10,000 of it qualifies for
the beneficial Federal income tax rate on long-term capital gains.

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