Business, 29.03.2021 23:00 markaylarowland8

The Liu Trust is short of cash. It is required to distribute $100,000 to Yang every year, and that payment is due in six weeks. In its asset corpus, Liu holds a number of investments that are valued at $100,000. One of them is a plot of land with a tax basis to the trust of $80,000. Assuming that the trust agreement allows, what are the Federal income tax consequences if Liu distributes this land to Yang?

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The Liu Trust is short of cash. It is required to distribute $100,000 to Yang every year, and that p...

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