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What are the tax obligations of nonexempt charitable trusts

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Reference no: EM132550310

Question - Michelle's trust is subject to 3.8% surtax on the lesser of the trust's net investment income or the excess of the trust's adjusted gross income over the $12,400 threshold (the highest trust tax rate). Explain how the trust can avoid this tax. What are the tax obligations of nonexempt charitable trusts?

Reference no: EM132550310

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