Which of the following is the annual maximum amount to be included as gross income by all of the income beneficiaries of the trust or estate?

Question

Quizplus · Accepted Answer

Distributable net income (DNI) is the maximum amount that can be distributed to beneficiaries and is considered for tax purposes. It ensures that the income is taxed either to the beneficiaries or the estate/trust, but not both, avoiding double taxation.

Which of the Following Is the Annual Maximum Amount to Be