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:

Factory Building

A type of commercial real estate designed for manufacturing processes, assembly, and storing materials and goods used and produced by industrial and manufacturing operations.

Rent Expense

The cost incurred by a company for using or occupying property or equipment for business operations.

Administrative Facilities

Facilities and resources provided to support the management and day-to-day operations of an organization.

Utilities

Services such as water, electricity, gas, and sewer provided to consumers and businesses.