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2020 Wyoming Statutes
Title 2 - Wills, Decedents' Estates and Probate Code
Chapter 3 - Fiduciaries
Article 8 - Principal and Income
Section 2-3-835 - Trustee Discretion to Include Capital Gains in Income.
Universal Citation: WY Stat § 2-3-835 (2020)
2-3-835. Trustee discretion to include capital gains in income.
(a) To the extent a trustee is given the power to make mandatory or discretionary distributions of income, the trustee may, on an annual basis, include realized capital gains in trust income and in determining section 643(a) of the Internal Revenue Code distributable net income, if the allocation is reasonable and impartial.
(b) To the extent a trustee is given the power to make mandatory or discretionary distributions of principal, the trustee may, on an annual basis, include realized capital gains in determining Section 643(a) Internal Revenue Code distributable net income, if the allocation is reasonable and impartial.
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