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American College Exam HS330 Topic 2 Question 96 Discussion
Actual exam question for
American College's
HS330 exam
Question #: 96
Topic #: 2
[All HS330 Questions]
Topic #: 2
Which of the following statements concerning the taxation of estates and trusts is (are) correct?
l. They are taxed similarly to partnership entities.
II. They are taxed on distributable net income (DNI) that is retained.
Suggested Answer:
A
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