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Business, 03.07.2020 18:01 squawk1738

The Stoudemire Trust reports $145,000 of net investment income (NII) and $160,000 in net profits from an active business operation for 2019. Stoudemire retains all of the business profits but, under the terms of the trust agreement, distributes $17,400 cash from the NII to its sole beneficiary Marshall. The trust's liability under the additional tax on NII is:

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The Stoudemire Trust reports $145,000 of net investment income (NII) and $160,000 in net profits fro...

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