A trust reports the following results: $\begin{array}{lr}&\text { Allocable To }\
&\text { Income } & \text { Principal } \
\text { Taxable bond interest } & \$ 20,000 \
\text { Rental income } & 10,000 \
\text { Gain on sale of investment land } &&10,000\
\text { Property taxes }&2,000\\text { Trustee fees }&&500
\end{array}$ The trust must distribute all of its income annually. Calculate taxable income after the distribution deduction.

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The Answer of A trust reports the following results: $\begin{array}{lr}&\text { Allocable To }\
&\text { Income } & \text { Principal } \
\text { Taxable bond interest } & \$ 20,000 \
\text { Rental income } & 10,000 \
\text { Gain on sale of investment land } &&10,000\
\text { Property taxes }&2,000\\text { Trustee fees }&&500
\end{array}$ The trust must distribute all of its income annually. Calculate taxable income after the distribution deduction.

A Trust Reports the Following Results The Trust Must Distribute All of Its Income Annually