Which of the following is true of distributable net income (DNI)? A. It is compo

Question

Which of the following is true of distributable net income (DNI)?
A. It is compotes by reference to the treatment of items B. It is only necessary to be computed for a complex trust. C. It is computed starting with taxable income of the trust or estate and making adjustments specified by the internal revenue code Which of the following is true of distributable net income (DNI)?
A. It is compotes by reference to the treatment of items B. It is only necessary to be computed for a complex trust. C. It is computed starting with taxable income of the trust or estate and making adjustments specified by the internal revenue code

Explanation / Answer

C. It is computed starting with taxable income of the trust or estate and making adjustments specified by the internal revenue code.

Adjustments such as Capital Gain or Loss, Tax exemption, etc.

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