The computation of the income of the administration period which is estate income of a beneficiary depends on the nature of his interest in the residue of the estate or part of the estate. Where different parts of the estate are subject to different residuary dispositions, each part is treated as a separate estate in making these calculations1.
A person has an 'absolute interest' in all or part of the residue of an estate if the capital of the residue (or part of the residue)
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