taxation discussion post 7
|
Attribute |
Simple |
Complex |
|---|---|---|
|
Trust could incur its own tax liability for the year. |
S1 |
C1 |
|
Trust generally distributes all of the DNI. |
S2 |
C2 |
|
Trust can deduct its charitable contributions in the year of or the year after payment. |
S3 |
C3 |
|
Trust could claim a foreign tax credit. |
S4 |
C4 |
|
Maximum tax rate on LTCG = 20%. |
S5 |
C5 |
Using the table above, make a post that uses specific examples for each trust type. (Each letter-number combination represents a trust type for this discussion.)
