Form 1041 – income vs. corpus

  • Creator
    Topic
  • July 30, 2013 at 10:46 pm #178999
    k1zuna
    Member

    Becker keeps mentioning the difference between income vs. corpus. Where do we need to use this?

    Also, can anyone verify this: when calculating DNI, we include all revenues and expenses related to BOTH income AND corpus (disregarding the capital gain and tax-exempt interest rules). Correct?

    FAR - Passed
    AUD - Passed
    BEC - Passed
    REG - 8/22/2013

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