8. Which of the following deductions does not affect trust accounting income?
8. Which of the following deductions does not affect trust accounting income? a. rental expenses. b. attorney’s fees allocable to income. c. trustee’s fees allocable to income. d. trustee’s fees allocable to principal. 9. What problem does the separate share rule alleviate? a. prevents unequal distributions of tangible personal property from an estate or trust. b. satisfies state law requirements regarding distributions from the residuary portion or an estate or trust. c. reduces […]
