Solution-How much of each class of income is deemed to have

How much of each class of income is deemed to have

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Reference no: EM132657591

Problem - The Dolce Estate reports the following items for the current tax year.

Dividend income	$50,000
Taxable interest income	8,000
Passive activity income	30,000
Tax-exempt interest income	12,000
Distribution net income	$100,000

Dolce's two noncharitable income beneficiaries, Brenda and Dev, receive cash distributions of $20,000 each. How much of each class of income is deemed to have been distributed to Brenda? To Dev?

Reference no: EM132657591

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How much of each class of income is deemed to have

Reference no: EM132657591

Reference no: EM132657591

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