When a Beneficiary Receives a Distribution from a Trust of an Asset

question 119

Short Answer

When a beneficiary receives a distribution from a trust of an asset other than cash, the realized loss generally is
(recognized, not recognized) by the trust.

---

Definitions:

Power Distance

A cultural dimension that describes the extent to which individuals within a society accept that power in institutions and organizations is distributed unequally.

Openness

One of the five factors; willingness to try new things and be open to new experiences.

Neuroticism

A personality characteristic involving a long-term tendency to be in a negative emotional state, including anxiety, depression, and emotional instability.

Extraversion

A personality trait typified by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.