Wash. Rev. Code § 11.104B.420
Disbursements—Transfer from income to principal for depreciation
Washington · Revised Code of Washington Chapter 11.104B — Uniform Fiduciary Income and Principal Act · Status: effective
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- Wash. Rev. Code § 11.104B.420, Disbursements—Transfer from income to principal for depreciation, Washington, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1491304
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Full text
(1) In this section, "depreciation" means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a tangible asset having a useful life of more than one year.
(2) A fiduciary may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:
(a) Of the part of real property used or available for use by a beneficiary as a residence;
(b) Of tangible personal property held or made available for the personal use or enjoyment of a beneficiary; or(c) Under this section, to the extent the fiduciary accounts:
(i) Under RCW 11.104B.290 for the asset; or(ii) Under RCW 11.104B.220 for the business or other activity in which the asset is used.
(3) An amount transferred to principal under this section need not be separately held.