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  3. this year, the nano trust reported $50,000 entity

This year, the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income...

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Accounting

This year, the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income (DNI). Nano distributed $60,000 cash to Horatio, its sole income beneficiary. Nano is a simple trust. Nano's distribution deduction is:

Question 51 options:

$0.

$60,000.

$50,000.

$40,000.

please do not copy other answers figures are different. thank you

Answer & Explanation Solved by verified expert
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