he trustee of the Pieper Trust can distribute any amount of accounting income and corpus to the trust’s beneficiaries, Lydia and Avi. This year, the trust incurred the following. Taxable interest income                                                           $40,000 Tax-exempt interest income                                                                     20,000 Long-term capital gains—allocable to corpus                                    80,000 Legal and accounting fees—allocable to corpus             9,000 The trustee distributed $26,000 to Lydia and $13,000 to Avi. What is Pieper’s trust accounting income? What is Pieper’s DNI? What is Pieper’s taxable income?

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