Utah Code 22-3-402. Receipts from entity — Distribution from trust or estate
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(1) A fiduciary shall allocate:
Terms Used In Utah Code 22-3-402
- Fiduciary: A trustee, executor, or administrator.
(1)(a) to income an amount received as a distribution of income, including a unitrust distribution under Part 3, Unitrust, from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity; and
(1)(b) to principal an amount received as a distribution of principal from the trust or estate.