2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 81 - Principal and Income
8167 - Adjustments between principal and income because of taxes. Subchapters F and G (Reserved)

     § 8167.  Adjustments between principal and income because of
                taxes.
        A trustee may make adjustments between principal and income
     to offset the shifting of economic interests or tax benefits
     between income beneficiaries and remainder beneficiaries which
     arise from any of the following:
            (1)  An election or decision which the trustee makes
        regarding tax matters.
            (2)  An income tax or any other tax which is imposed upon
        the trustee or a beneficiary as a result of a transaction
        involving the trust or distribution from the trust.
            (3)  The ownership by a trust of an interest in an entity
        the taxable income of which, whether or not distributed, is
        includable in the taxable income of the trust or a
        beneficiary.