A trust reports the following results:
$\begin{array}{ll}
\text { Interest from corporate bonds } & \$ 20,000 \
\text { Dividends } & 10,000 \
\text { Tax-exempt interest } & 20,000 \
\text { Trustee fees } & 6,000 \
\text { Capital gain } & 10,000
\end{array}$ All of the items are allocated to income except the capital gains. Calculate the maximum amount of trustee fees that are deductible.

Question

A trust reports the following results:
 $\begin{array}{ll}
\text { Interest from corporate bonds } & \$ 20,000 \
\text { Dividends } & 10,000 \
\text { Tax-exempt interest } & 20,000 \
\text { Trustee fees } & 6,000 \
\text { Capital gain } & 10,000
\end{array}$ All of the items are allocated to income except the capital gains. Calculate the maximum amount of trustee fees that are deductible.

Quizplus · Accepted Answer

The Answer of A trust reports the following results:
 $\begin{array}{ll}
\text { Interest from corporate bonds } & \$ 20,000 \
\text { Dividends } & 10,000 \
\text { Tax-exempt interest } & 20,000 \
\text { Trustee fees } & 6,000 \
\text { Capital gain } & 10,000
\end{array}$ All of the items are allocated to income except the capital gains. Calculate the maximum amount of trustee fees that are deductible.

A Trust Reports the Following Results All of the Items Are Allocated to Income Except the corporate