Capital Gains Tax (CGT) Reform and Trusts

Shall consider as ordinary income the amount so adjusted that is not capital gain net income described in paragraph (h)(2) of this section as paid from trust accounting income; After calculating the trust’s capital gain net income described in § 1229(a)(26 U.S.C § 1229(a) of the Internal Revenue Code of 1986, as amended, may consider the ... ................
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