A trust distributes 30% of its income to Mark and 20% to Nancy. The remaining 50% is accumulated. The trust's depreciation is $1,000. The trust instrument is silent regarding the depreciation deduction. State law requires the depreciation be charged to principal. What part of the depreciation deduction will be allocated to Mark?
A) $0
B) $200
C) $300
D) $1,000
Correct Answer:
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Q19: The governing instrument for the Lopez Trust
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Q21: Explain to a client the significance of
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Q23: Charitable contributions made by a fiduciary
A)are limited
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A)are taxed on state and
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