In April 2019, Kylie (a calendar-year individual) became a beneficiary of a new calendar-year trust and an estate that elects a January 31 fiscal year-end.During 2019, Kylie received income distributions of $12,000 from the trust and $17,000 from the estate.How much of these distributions is taxable to Kylie on her 2019 Form 1040 tax return?
A) $0
B) $12,000
C) $17,000
D) $29,000
Correct Answer:
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