A simple trust has the following results: 
Calculate the distribution deduction.
Definitions:
SEC
The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.
Purpose
The purpose behind the creation or existence of something.
Securities Act of 1933
A U.S. law enacted to protect investors from fraudulent and misleading practices in the securities markets.
Purpose
The reason for which something is done or created or for which something exists.
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