The categorization of a trust as "simple" or "complex" may vary from year to year.
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Q8: Since fiduciaries are generally only managing assets
Q9: Decedent D, a calendar year taxpayer, died
Q10: An executor may elect to include "income
Q11: If a trust incurs a net operating
Q12: Under the terms of the governing trust
Q14: A fiduciary can elect whether or not
Q15: Upon his death, individual T, a cash
Q16: Income accumulated in a trust for a
Q17: Because a simple trust by definition is
Q18: As a general rule, tax provisions that
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