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2017 Nevada Revised Statutes
Chapter 163 - Trusts
NRS 163.610 - Fiduciary authorized to take actions to cause certain gains to be taxed.
Universal Citation: NV Rev Stat § 163.610 (2017)
A fiduciary may take such actions as are necessary to cause gains from the sale or exchange of trust assets, as determined for federal income tax purposes, to be taxed for federal income tax purposes as part of a distribution of income, including, without limitation, income which has been increased by an adjustment from principal to income under NRS 164.795, a unitrust distribution or a distribution of principal to a beneficiary.
(Added to NRS by 2015, 3540)
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