§ 8142. Distribution from trust or estate.
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/pa/title-20/chapter-81/8142A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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.
20c8142v
Cross References. Section 8142 is referred to in section 8141 of this title.
20c8143s