Taxation - discussion post 7
Hughe037
Attribute | Simple | Complex |
|---|---|---|
Trust could incur its own tax liability for the year. | S1 | C1 |
Trust generally distributes all of the DNI. | S2 | C2 |
Trust can deduct its charitable contributions in the year of or the year after payment. | S3 | C3 |
Trust could claim a foreign tax credit. | S4 | C4 |
Maximum tax rate on LTCG = 20%. | S5 | C5 |
Using the table above, make a post that uses specific examples for each trust type. (Each letter-number combination represents a trust type for this discussion.)
9 years ago
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