Form 1041-A Practical Guide Exam Question 34 of 50 Select the best answer. Which
ID: 2658110 • Letter: F
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% CompleteExplanation / 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