{"data":{"id":"us-nv/nrs-164.910","jurisdiction":"us-nv","citation":"NRS 164.910","heading":"Transfer of net cash receipts from principal asset subject to depreciation to principal.","body":"1. As used 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 1 year.\n2. A fiduciary 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(a) 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(b) During the administration of a decedent’s estate; or\n(c) Under this section if a trustee is accounting under NRS 164.835 for the business or activity in which the asset is used.\n3. An amount transferred to principal need not be held as a separate fund.","path":["TITLE 13 — GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS","CHAPTER 164 - ADMINISTRATION OF TRUSTS","MANAGEMENT AND INVESTMENT OF PROPERTY","Principal and Income (Uniform Act)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-164.html#NRS164Sec910","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:33Z","sha256":"9f884916e6dc6294ef9fd8d8d6b0fe6dbc746d9be0205dd25779577cc5e20077","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-164.905","next":"us-nv/nrs-164.915"},"notice":"GroundRules: Original legal text. Not legal advice."}