Form 1041-A Practical Guide Exam Question 34 of 50 Select the best answer. Which

Question

Form 1041-A Practical Guide Exam Question 34 of 50 Select the best answer. Which of the following most accurately describes complex and simple trusts? O A. Once a trust is treated as a complex trust, it is never again treated as a simple trust for tax purposes Simple trusts are allowed a deduction for charitable contributions. A trust that makes a distribution from corpus during the year will be treated as a complex B. ? C. trust. O D. A trust will generally be treated as a simple trust in the year it terminates. Submit Answers Exi 89% Complete

Explanation / Answer

Answer:C.A trust that makes a distribution from corpus during the year will be treated as a complex

A.The status of trust complex or simple can change from year to year

B.Simple trusts cannot accumulate income, distribute out of corpus, or pay money for charitable purpose

D.No

Related Questions

Navigate

• Browse (All)
• Browse F
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.