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What amount of the distribution was taxable

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Problem - A distribution to an estate's sole beneficiary for the calendar year equaled $15,000, the amount currently required to be distributed by the will. The estate's records showed the following. What amount of the distribution was taxable to the beneficiary?

Taxable interest $40,000

Expenses attributable to taxable interest $34,000

a. $40,000

b. $15,000

c. $6,000

d. $0

Reference no: EM132665475

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