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The trustee of a testamentary trust has distributable net income of $30,000 on December 31, 2013, the last day of the trust's income tax year. On March 3, 2014 the trustee makes a distribution of all distributable net income on hand as of December 31,2013 to the trust beneficiaries . The trustee

a. may elect to have the distribution treated as though made on December 31,2013.

b. cannot elect to have the distribution treated as though made on December 31,2013.

c. is limited to the lesser of distributable net income or trust accounting income to be deemed as distributed on December 31, 2013.

d. cannot elect to have the distribution treated as though made on the prior December 31 for the first income tax year of the trust.

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