Multiple Choice
Which of the following restrictions applies concerning distributions to trust beneficiaries?
A) Special allocations are not allowed under Subchapter J.
B) Special allocations are allowed but only in the trust's termination year.
C) Special allocations are allowed but only for portfolio income items.
D) Special allocations of income types are allowed assuming that they carry a substantial economic effect.
Correct Answer:
Verified
Correct Answer:
Verified
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