How much of this loss can the Trust, its sole income beneficiary, Diane, or its sole remainder beneficiary, Duke, deduct this year? A. Diane deducts $100,000. B. Duke deducts $100,000. C. Diane and Duke each deduct $50,000. D. Diane, Duke, and the Trust each deduct $33,333. E. Neither beneficiary nor the trust gets a deduction this year. 28. During the current year, the Madison Trust received $40,000 of taxable interest income, paid trustee”s commissions of $4,000, and had no other income or expenses. The trust instrument requires that $20,000 be paid annually to Marilyn, and $40,000 be paid annually to Domingo. How much gross income must Marilyn and Domingo recognize? A. $20,000 by Marilyn and $40,000 by Domingo. B. $20,000 by Marilyn and $20,000 by Domingo. C. $12,000 by Marilyn and $24,000 by Domingo. D. $18,000 by Marilyn and $18,000 by Domingo. E. None of the above.