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Distribution from trust or estate

KRS 386.468
in effect
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386.468. 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, KRS 386.466 applies to a receipt from the trust. Effective: January 1, 2005 History: Created 2004 Ky. Acts ch. 158, sec. 10, effective January 1, 2005.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35926Fetched: 10/20/2026

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