Distribution from trust or estate.

Del. Code tit. 12, § 61-402
in effect
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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, § 61-401 or § 61-415 of this title applies to a receipt from the trust.
Source: DE Code (Official Site)URL: https://delcode.delaware.gov/title12/c061/sc04/index.htmlFetched: 10/4/2026

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