Thus, Exhibit 4. capital gains rates is the same as for individuals. respectively. Income tax incurred on beneficiaries' trust accounts is deducted from accounts annually. significant tax benefits. %%EOF Members with a (1) shall administer a trust or estate in accordance with the terms of the trust or the will, even if there is a different provision in the South Carolina Uniform Principal and Income Act; (2) may administer a trust or estate by the exercise of a discretionary power of administration given to the fiduciary by the terms of the trust or the will . Income shown on all the K-1s equals the trust or estate's IDD, not the amount of the distributions actually paid. Thus, 6), and $1,150 is deductible at the trust level. | allowed to deduct the lesser of distributable net income (DNI) or ","hasArticle":false,"_links":{"self":"https://dummies-api.dummies.com/v2/authors/9652"}}],"_links":{"self":"https://dummies-api.dummies.com/v2/books/282179"}},"collections":[],"articleAds":{"footerAd":"
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