{"data":{"id":"us-ky/krs-386.498","jurisdiction":"us-ky","citation":"KRS 386.498","heading":"Payment of income taxes.","body":"(1) A tax required to be paid by a trustee based on receipts allocated to income shall be\npaid from income.\n(2) A tax required to be paid by a trustee based on receipts allocated to principal shall\nbe paid from principal, even if the tax is called an income ta x by the taxing\nauthority.\n(3) A tax required to be paid by a trustee on the trust's share of an entity's taxable\nincome shall be paid proportionately:\n(a) From income to the extent that receipts from the entity are allocated to\nincome; and\n(b) From principal to the extent that:\n1. Receipts from the entity are allocated to principal; and\n2. The trust's share of the entity's taxable income exceeds the total receipts\ndescribed in paragraph (a) of this subsection and paragraph (b)1. of this\nsubsection.\n(4) For purposes of this section, receipts allocated to principal or income shall be\nreduced by the amount distributed to a beneficiary from principal or income for\nwhich the trust receives a deduction in calculating the tax.","path":["KRS Chapter 386"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=35941","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:16Z","sha256":"ddfabdd571ec336b343d56b704ed97396c542357cb70c1d381f857b159974b24","source_id":"us-ky","stale":false,"prev":"us-ky/krs-386.496","next":"us-ky/krs-386.500"},"notice":"GroundRules: Original legal text. Not legal advice."}