Acc

Calculation is a bit strange. It is the lesser of 50% (or 65%) of the dividends received or of taxable income ... Inventory and business needs (Bardahl formula) ... Suppose DNI = $5,000 and the trust says, give $100,000 to my son in 1999. Tax is on $5,000. The rest is simply as tax free distribution of Corpus. ................
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