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

question 62

Short Answer

When a beneficiary receives a distribution from a trust of an asset other than cash, generally a(n)____________________ basis is assigned to the asset.

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Definitions:

Statistically Rare

A term describing events or occurrences that happen infrequently within a given statistical population or dataset.

Suicide

The act of intentionally causing one's own death.

African-American Women

Women of African descent living in America, who have a unique cultural, social, and historical identity.

American Indian Men

Refers to male individuals who are members of the indigenous peoples of the Americas.