the distributive oh net income for the Samson estate is 20000 including 3000 of tax-exempt interest...
the distributive oh net income for the Samson estate is 20000 including 3000 of tax-exempt interest income if they executor distribute $8,000 to the beneficiaries in a year of other than the final year what amount have you taken is the distribution deduction
Homework Answers
Solution :-
Distribution deduction = Total distribution - (Total distribution * Exempt interest income / Distributable net income)
= 8000 - (8000 * 3000 / 20000)
= 8000 - (8000 * 0.15)
= 8000 - 1200
= $ 6800.
Conclusion :- Distribution deduction in the given question
= $ 6800.
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the distributive oh net income for the Samson estate
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