Which of the Following Restrictions Applies Concerning Distributions to Trust

question 133

Multiple Choice

Which of the following restrictions applies concerning distributions to trust beneficiaries?

• A)Special allocations are not allowed under Subchapter J.
• B)Special allocations are allowed, but only in the trust's termination year.
• C)Special allocations are allowed, but only for portfolio income items.
• D)Special allocations of income types are allowed, assuming that they carry substantial economic effect.

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Definitions:

MP

Modus Ponens, a fundamental rule of logical deduction allowing one to derive a conclusion from a conditional statement and its antecedent.

Conj

A shortened form of conjunction, referring to a grammatical connector between words, phrases, or clauses.

Simp

Slang for someone who is perceived to be overly subservient or attentive towards another person, often in pursuit of emotional or romantic attention.

Simp

A slang term often used derogatorily to describe someone who is overly subservient to someone else, typically in pursuit of affection.