This year the trust is terminated. albert has a 40 interest, Ask an Expert

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A trust is required to distribute all of its income currently. Two years ago, it had a $10,000 capital loss. Last year, it had a $3,000 capital gain. This year the trust is terminated. Albert has a 40% interest in the trust, and Barbara has a 60% interest. Barbara receives a capital loss pass-through of:

a. $0

b. $2,400

c. $4,200

d. $7,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407703

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