Learn or Find Bookkeeping, Payroll, Accounting, QuickBooks, or Tax Terms
Select a letter below or enter a term or keyword.
Distributable net income
To the extent that an estate or trust has distributable net income, every distribution to a beneficiary except lump-sum payments of bequests, devises, or inheritances is taxable income. The distributable net income of an estate or trust is the same as its taxable income, with certain specified modifications.