The Willa estate reports $100,000 DNI composed of $50,000 dividends, $20,000 taxable interest, $10,000 passive income, and $20,000 tax-exempt interest. Willa’s two noncharitable income beneficiaries, Shanna and Tom, receive distributions of $75,000 each. How much of each class of income is deemed to have been distributed to Shanna? To Tom? Use the following template to structure your answer.
?
?
Beneficiary
Amount
Received
DNI, Income Type
Corpus,
Nontaxable
Dividends
Taxable
Interest
Passive
Exempt
Interest
Shanna
?
?
?
?
?
?
Tom
?
?
?
?
?
?
Totals in DNI
?
?
?
?
?
?
What will be an ideal response?
??
| Beneficiary | AmountReceived | DNI, Income Type | Corpus,Nontaxable | ||||||
| Dividends | ?TaxableInterest? | Passive | ExemptInterest | ? | ? | ||||
| Shanna | $75,000 | $25,000 | $10,000 | $5,000 | $10,000 | $25,000 | |||
| Tom | $75,000 | $25,000 | $10,000 | $5,000 | $10,000 | $25,000 | |||
| Totals in DNI | $50,000 | $20,000 | $10,000 | $20,000 | $20,000 | $50,000 | |||
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