The Manor Trust, a complex trust, had distributable net income (DNI) in Year 7 of $12,000. Of the $12,000 of DNI, $5,000 was distributed to trust beneficiaries. Of the $5,000 distributed, which taxpayer(s), if any, are responsible for the tax liability on the $5,000 distribution?

A distribution to an estate’s sole beneficiary for the current calendar year equaled $15,000, the amount currently required to be distributed by the will. The estate’s current year records were as follows:

• Estate income: $40,000 Taxable interest
• Estate disbursements: $34,000 Expenses attributable to taxable interest

What amount of the distribution was taxable to the beneficiary?

The charitable contribution deduction on an estate’s fiduciary income tax return is allowable:

Which of the following income items would not be included in the Distributable Net Income of a simple trust?

The ABC Trust reported DNI of $120,000 for the year. The trustee is to distribute $60,000 to A and $90,000 to B each year. If the trustee distributes these amounts, what amount is includable in B’s gross income?

G Trust is a simple trust. It reported the following items of income and expenses for the current year: Interest income of $4,000, dividend income of $2,000 and trustee fees allocable to income of $1,500. What is the trust’s DNI for the year?