Please help for Taxable Income of Trust and Estate and DNI

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  • #202135
    Anonymous
    Inactive

    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

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  • #777555
    Anonymous
    Inactive

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

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