Tax free income eg municipal bond income, Financial Accounting

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Tax free income eg municipal bond income

Tax free income, e.g., municipal bond income, is

a. excluded from the computation of DNI

b. included in the computation of DNI.

c. included in the computation of DNI for simple trusts but not complex trusts.

d. excluded from the computation of DNI for trusts but not estates.

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Financial Accounting: Tax free income eg municipal bond income

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Financial Accounting: Tax free income eg municipal bond income

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