Nev. Rev. Stat. § 163.610
Trustee authorized to include certain capital gains in distributable net income in certain circumstances
Nevada · Nevada Revised Statutes Chapter 163 — Trusts · Status: effective
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- Citation
- Nev. Rev. Stat. § 163.610, Trustee authorized to include certain capital gains in distributable net income in certain circumstances, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2086603
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Full text
Unless otherwise provided by the trust instrument, a trustee may include capital gains from the sale or exchange of capital assets in distributable net income to the extent the gains are, in a reasonable and impartial exercise of discretion by the trustee, allocated to:
1. Income pursuant to the power of the trustee to adjust between principal and income pursuant to NRS 164.795;
2. Principal and treated consistently by the trustee in the books, records and tax returns of the trust as part of the distribution to a beneficiary; or
3. Principal but distributed to a beneficiary or utilized by the trustee in determining the amount that is distributed or required to be distributed to a beneficiary.