Distribution from trust or estate - 20 Pa. Cons. Stat. § 8142
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Pennsylvania Statutes
§ 8142. Distribution from trust or estate.
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 8141 (relating to character of receipts) or 8155
(relating to asset-backed securities) applies to a receipt from
the trust.
Cross References. Section 8142 is referred to in section
8141 of this title.
Section: 8113 8121 8122 8131 8132 8133 8141 8142 8143 8144 8145 8146 8147 8148 8149
Last modified: November 27, 2007
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