Astor, a cash-basis taxpayer, died on February 3. During the year, the estate's executor made a distribution of $12,000 from estate income to Astor's sole heir and adopted a calendar year to determine the estate's taxable income. The following additional information pertains to the estate's income and disbursements for the year: Estate income:
Taxable interest $ 65,000
Net long-term capital gains allocable to corpus 5,000
Estate disbursements:
Administrative expenses attributable to taxable income $ 14,000
Charitable contributions from gross income to a public charity, made under the terms of the will
9,000
For the calendar year, what was the estate's distributable net income (DNI)?
a. $58,000
b. $39,000
c. $65,000
d. $42,000