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 5812.18 or 5812.38 of the Revised Code applies to a receipt from the trust.
Effective Date: 01-01-2007
Section: Previous 5812.03 5812.07 5812.08 5812.12 5812.13 5812.14 5812.18 5812.19 5812.20 5812.24 5812.25 5812.26 5812.27 5812.31 5812.32 NextLast modified: October 10, 2016