Other rules.
F.S. 738.310
in effectFollowing the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:
(1)
Net accounting income determined under this chapter as if the trust were not a unitrust;
(2)
Ordinary income not allocable to net accounting income;
(3)
Net realized short-term capital gains;
(4)
Net realized long-term capital gains; and
(5)
The principal of the trust.
Source: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter738/AllFetched: 7/8/2026