{"data":{"id":"us-dc/d.c.-code-28-4804.04","jurisdiction":"us-dc","citation":"D.C. Code § 28-4804.04","heading":"Principal receipts.","body":"A trustee shall allocate to principal:\n\n(1)\nTo the extent not allocated to income under this chapter, assets received from a transferor during the transferor’s lifetime, a decedent’s estate, a trust with a terminating income interest, or a payer under a contract naming the trust or its trustee as beneficiary;\n\n(2)\nMoney or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit, subject to this subchapter;\n\n(3)\nAmounts recovered from third parties to reimburse the trust because of disbursements described in § 28-4805.02(a)(7) or for other reasons to the extent not based on the loss of income;\n\n(4)\nProceeds of property taken by eminent domain, but a separate award made for the loss of income with respect to an accounting period during which a current income beneficiary had a mandatory income interest is income;\n\n(5)\nNet income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n\n(6)\nOther receipts as provided in part C of this subchapter.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Chapter 48. Principal and Income; Uniform Law.","Subchapter IV. Allocation of Receipts During Administration of Trust.","Subpart 2. Receipts Not Normally Apportioned."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28-4804.04","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"fbc73d4b9f59dcfabe156a2aa381891c7a5a876807dd2c344c94d8e6fd0a7228","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-4804.03","next":"us-dc/d.c.-code-28-4804.05"},"notice":"GroundRules: Original legal text. Not legal advice."}