The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income is $75,000. in computing this amount, pursuant to the trust document, depreciation was allocated to corpus. accounting income was distributed at the trustee's discretion: $25,000 to hernandez and $50,000 to jackson.
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The twist trust has generated $60,000 in depreciation deductions for the year. its accounting income...
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