{"data":{"id":"us-fl/fla.-stat.-738.402","jurisdiction":"us-fl","citation":"Fla. Stat. § 738.402","heading":"Distribution from trust or estate.","body":"A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under ss. 738.301-738.310, from a trust or an estate in which the fiduciary has an interest, other than an interest purchased in a trust that is an investment entity, and shall allocate to principal an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, s. 738.401, s. 738.415, or s. 738.416 applies to a receipt from the trust.\nHistory.—s. 1, ch. 2002-42; s. 13, ch. 2012-49; s. 21, ch. 2024-216.","path":["CHAPTER 738 UNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0700-0799/0738/0738.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:13:31Z","sha256":"6ce71e7b69d9e8b74a4506ed45bc95c2476a868dd50067cdbe92ea98bc4c3be1","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-738.401","next":"us-fl/fla.-stat.-738.403"},"notice":"GroundRules: Original legal text. Not legal advice."}