Select the best answer Under the 2000 Uniform Principal and

Select the best answer. Under the 2000 Uniform Principal and Income Act, as amended in 2008, by default: A. Amounts that are taxable for federal tax purposes are allocable to income unless a contrary provision is found in the Act or the trust document Cash receipts are allocated evenly between principal and income unless a contrary treatment Cash receipts are allocated between principal and income at the discretion of the trustee R is provided for in the Act or in the trust document c unless a result is mandated by the Act or the trust document Cash receipts are allocated entirely to principal unless a contrary provision exists in either the D. Act or the trust document

Solution

Ans.

D) Cash receipt are allocated entirely to principle unless a contrary provision exists in either the act or the trust documents.