{"data":{"id":"us-nv/nrs-163.610","jurisdiction":"us-nv","citation":"NRS 163.610","heading":"Trustee authorized to include certain capital gains in distributable net income in certain circumstances.","body":"Unless otherwise provided by the trust instrument, a trustee may include capital gains from the sale or exchange of capital assets in distributable net income to the extent the gains are, in a reasonable and impartial exercise of discretion by the trustee, allocated to:\n1. Income pursuant to the power of the trustee to adjust between principal and income pursuant to NRS 164.795;\n2. Principal and treated consistently by the trustee in the books, records and tax returns of the trust as part of the distribution to a beneficiary; or\n3. Principal but distributed to a beneficiary or utilized by the trustee in determining the amount that is distributed or required to be distributed to a beneficiary.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 163 - TRUSTS","MISCELLANEOUS PROVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-163.html#NRS163Sec610","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"e0b93c2fa3043d9b3b31d62617af1bdf966df27addcc00b6cd2192ec42105626","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-163.605","next":"us-nv/nrs-163.620"},"notice":"GroundRules: Original legal text. Not legal advice."}