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List the Three Major Functions of Distributable Net Income (DNI)in

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Essay

List the three major functions of distributable net income (DNI)in determining how the beneficiaries of a trust or estate account for their distributions received for the tax year.


Definitions:

Swimmer's Ear

An infection of the outer ear canal, often caused by water remaining in the ear after swimming, providing a moist environment that aids bacteria growth.

Otosclerosis

A condition characterized by abnormal bone growth in the middle ear, leading to hearing loss.

Otic Capsule

The bony structure surrounding the inner ear, protecting the cochlea, vestibule, and semicircular canals.

Intellectual Ability

The capacity to think abstractly, reason, understand complex ideas, learn quickly, and adapt to environmental challenges.

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