Taxation Discussion Post
|
Attribute
|
Simple
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Complex
|
|
Trust could incur its own tax liability for the year.
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S1
|
C1
|
|
Trust generally distributes all of the DNI.
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S2
|
C2
|
|
Trust can deduct its charitable contributions in the year of or the year after payment.
|
S3
|
C3
|
|
Trust could claim a foreign tax credit.
|
S4
|
C4
|
|
Maximum tax rate on LTCG = 20%.
|
S5
|
C5
|
Using the table above, make a post that uses specific examples for each trust type. (Each letter-number combination represents a trust type for this discussion.)