Phillip died last year leaving all his property to his, Ask an Expert

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Phillip died last year, leaving all his property to his three children. This year, Phillip’s estate had $25,000 in distributable net income. The executor of Phillip’s estate, who has full discretion as to when income is to be distributed, made a cash payment of $10,000 to each of the children. What is the amount of the estate’s distribution deduction?

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Financial Management, Finance

Category:- Financial Management
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