A Complex Trust Is Automatically Exempt from the Federal AMT

question 22

True/False

A complex trust is automatically exempt from the Federal AMT.

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Definitions:

Massachusetts Bay

A region and colony in the early United States, centered around the bay of the same name, known for its role in the Puritan migration and the early development of American democracy.

Church and State

The concept or legal principle concerning the separation of religious institutions and government entities, aiming to prevent any single religion from dominating public policy or government functions.

Indian Lands

Areas of land within the United States that are reserved for Native American tribes and are recognized as such by the federal government.

Massachusetts Bay Colonists

The settlers of the Massachusetts Bay Colony, an English settlement on the east coast of North America in the 17th century.