Idaho § 68-10-402 DISTRIBUTION FROM TRUST OR ESTATE

Idaho Statutes

§ 68-10-402 — DISTRIBUTION FROM TRUST OR ESTATE

Idaho § 68-10-402

Title 68TRUSTS AND FIDUCIARIES

Part 4.ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST

Ch. 10UNIFORM PRINCIPAL AND INCOME ACT

This text of Idaho § 68-10-402 (DISTRIBUTION FROM TRUST OR ESTATE) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 68-10-402 (2026).

Text

A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, section 68-10-401 or 68-10-415, Idaho Code, applies to a receipt from the trust.

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A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, section 68-10-401 or 68-10-415, Idaho Code, applies to a receipt from the trust.