738.310 Other rules.—Following the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:(1) Net accounting income determined under this chapter as if the trust were not a unitrust;(2) Ordinary income not allocable to net accounting income;(3) Net realized short-term capital gains;(4) Net realized long-term capital gains; and(5) The principal of the trust.History.—s. 19, ch. 2024-216.
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