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Form 4835 for Evansville Indiana: What You Should Know

The qualifying reporting person (as defined in section 1024(a)(2)) has no other units for the reporting period. What is Section 16: The income and net profit from property of a domestic trust held by the domestic trust in the United States, for Federal tax purposes, shall not be treated as passive income of the domestic trust on a net income basis by reason of any requirement under section 16 of the Act and shall not be subject to section 7805, 7806, 7809, 8811, 8807, 8881(d)(12) or 8882(d)(12), or to the limitations on passive activity under section 7704, 7705, 8071, 8072, 8073, 8074, 8077, or 8081.

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