The Distributable Net Income (DNI)of a Fiduciary Taxpayer

The distributable net income (DNI) of a fiduciary taxpayer:

A) Marks the maximum amount of gross income that income beneficiaries must report when receiving distributions.
B) Constitutes the maximum amount for the fiduciary's distribution deduction.
C) Specifies the character of the distributions in the hands of the year's income beneficiaries.
D) All of the above.