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In Computing Distributable Net Income (DNI) for a Trust, One

question 135

True/False

In computing distributable net income (DNI) for a trust, one removes any corpus net capital gain or loss.

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Definitions:

Extended Argument

A complex line of reasoning that may involve multiple premises and conclusions, typically developed over a longer discourse.

Valid

An argument whose structure guarantees its conclusion to be true if its premises are true.

Proposition

A verbalization or pronouncement that indicates an appraisal or conviction.

Categorical

Pertaining to, involving, or based on the categorization of something, often used in logic to describe propositions where statements are made about all members of a category.

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