Business
Business, 26.06.2020 20:01, deonnaturner68p7hz7y

A simple trust has ordinary income of $56,000, a long-term capital gain of $20,000 (allocable to corpus), and a trustee commission expense of $5,500 (payable from corpus). The two income beneficiaries, Woo and Jae, are entitled to the trust's annual accounting income, based on shares of 60% and 40%, respectively. Woo is allocated DNI of $ and Jae is allocated DNI of $.

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A simple trust has ordinary income of $56,000, a long-term capital gain of $20,000 (allocable to cor...

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