Pennsylvania § 8167 Adjustments between principal and income because of taxes

Pennsylvania Statutes

§ 8167 — Adjustments between principal and income because of taxes

Pennsylvania § 8167

Title 20DECEDENTS, ESTATES AND FIDUCIARIES

Ch. 81PRINCIPAL AND INCOME

Subch.ALLOCATION OF DISBURSEMENTS DURING

This text of Pennsylvania § 8167 (Adjustments between principal and income because of taxes) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

20 Pa. Cons. Stat. § 8167 (2026).

Text

A trustee may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from any of the following:

(1)An election or decision which the trustee makes regarding tax matters.

(2)An income tax or any other tax which is imposed upon the trustee or a beneficiary as a result of a transaction involving the trust or distribution from the trust.

(3)The ownership by a trust of an interest in an entity the taxable income of which, whether or not distributed, is includable in the taxable income of the trust or a beneficiary.

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A trustee may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from any of the following:

(1) An election or decision which the trustee makes regarding tax matters.

(2) An income tax or any other tax which is imposed upon the trustee or a beneficiary as a result of a transaction involving the trust or distribution from the trust.

(3) The ownership by a trust of an interest in an entity the taxable income of which, whether or not distributed, is includable in the taxable income of the trust or a beneficiary.