How are trust income taxed
How are trust income taxed? the trust in my question is required to distribute all income currently and it had net ordinary income of $5,500 and made cash distributions of $7,000.
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On January 1, 2010, Cobee Briant purchases a $200,000 warehouse that he starts renting right away. On December 31, 2010, he then purchases some office furniture for $4,000.
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