[Anonymous]

Please correct me if I am wrong!!!!!!!!!!!!!!

Taxable income of trust and estate

Rent

+Interest (only taxable)

+dividend

+Capital gain allocable to the both corpus and the income)

-trustee /administrative fee related to the both (corpus and taxable income)

Qualified charitable contribution

-exemption (300/100/600)

-Income distributable to the beneficiary

=taxable Income.

For DNI

Rent

+Interest (taxable and non-taxable)

+dividend

-trustee /administrative fee (which is not related to the corpus but include which is for the taxable and non-taxable income)

-Qualified charitable contribution

= DNI

[Anonymous]

Bump!!!!!!!!!!!

[Author]

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