The income of a beneficiary from an estate or trust operating a trade or business
is excluded because the:
Estate or trust, not the beneficiary, is engaged in the activity, and;
Beneficiary is not the operator of the trade or business.
If the deceased was a partner in a business, and a question arises as to whether the
administrator or executor of the estate has jurisdiction over the entire trade or
business or only a part of it, seek advice from the ARC, Programs.