{"data":{"id":"us-id/idaho-code-68-10-503","jurisdiction":"us-id","citation":"Idaho Code § 68-10-503","heading":"Transfers from income to principal for depreciation.","body":"(a) In this section, \"depreciation\" means a reduction in value due to wear, tear, decay, corrosion or gradual obsolescence of a fixed asset having a useful life of more than one (1) year.\n(b) A trustee may transfer to principal a reasonable amount of the net cash receipts from a principal asset that is subject to depreciation, but may not transfer any amount for depreciation:\n(1) Of that portion of real property used or available for use by a beneficiary as a residence or of tangible personal property held or made available for the personal use or enjoyment of a beneficiary;\n(2) During the administration of a decedent’s estate; or\n(3) Under this section if the trustee is accounting under section 68-10-403, Idaho Code, for the business or activity in which the asset is used.\n(c) An amount transferred to principal need not be held as a separate fund.","path":["TITLE 68 TRUSTS AND FIDUCIARIES","CHAPTER 10 UNIFORM PRINCIPAL AND INCOME ACT","PART 5. ALLOCATION OF DISBURSEMENTS DURING ADMINISTRATION OF TRUST"],"source_url":"https://legislature.idaho.gov/statutesrules/idstat/title68/t68ch10/sect68-10-503/","current_through":"2026 Legislative Session","vintage":"","retrieved_at":"2026-09-04T11:24:31Z","sha256":"ede67c4ae6cce8173afafa82b5078772beee75653f95af44b53008bd3bbff50d","source_id":"us-id","stale":false,"prev":"us-id/idaho-code-68-10-502","next":"us-id/idaho-code-68-10-504"},"notice":"GroundRules: Original legal text. Not legal advice."}