Show at A the income of the trust estate for trust law purposes. This is the total distributable income of the trust being the amount that is legally available for distribution to trust beneficiaries in the income year.
This calculation may depend on the terms of the trust and general trust law principles. You may therefore need to carefully consider the trust deed, the trust accounts and relevant resolutions to determine what the trust's distributable income is.
If the income of the trust estate is a loss, enter '0' at A.
Where a beneficiary is presently entitled to a share of the income of the trust estate, you must record that amount at label Item 55: label W in the Statement of distribution.