{"data":{"id":"us-id/idaho-code-68-10-404","jurisdiction":"us-id","citation":"Idaho Code § 68-10-404","heading":"Principal receipts.","body":"A trustee shall allocate to principal:\n(1) To 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(2) Money or other property received from the sale, exchange, liquidation, or change in form of a principal asset, including realized profit, subject to this part;\n(3) Amounts recovered from third parties to reimburse the trust because of disbursements described in section 68-10-502(a)(7), Idaho Code, or for other reasons to the extent not based on the loss of income;\n(4) Proceeds 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(5) Net income received in an accounting period during which there is no beneficiary to whom a trustee may or must distribute income; and\n(6) Other receipts as provided in sections 68-10-408 through 68-10-415, Idaho Code.","path":["TITLE 68 TRUSTS AND FIDUCIARIES","CHAPTER 10 UNIFORM PRINCIPAL AND INCOME ACT","PART 4. ALLOCATION OF RECEIPTS DURING ADMINISTRATION OF TRUST"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title68/t68ch10/sect68-10-404/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:24:31Z","sha256":"1808f5bfa01c0d1e6b654c7d13fe3f1ce88d01d9a6050c4d8590ddc99b6753ed","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-68-10-403","next":"us-id/idaho-code-68-10-405"},"notice":"GroundRules: Original legal text. Not legal advice."}