{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-11-a-5.6","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 11-a-5.6","heading":"Adjustments between principal and income because of taxes","body":"§ 11-A-5.6 Adjustments between principal and income because of taxes\n  A fiduciary may make adjustments between principal and income to\noffset the shifting of economic interests or tax benefits between income\nbeneficiaries and remainder beneficiaries which arise from:\n  (1) elections and decisions that the fiduciary makes from time to time\nregarding tax matters;\n  (2) an income tax or any other tax that is imposed upon the fiduciary\nor a beneficiary as a result of a transaction involving or a\ndistribution from the estate or trust; or\n  (3) the ownership by an estate or trust of an interest in an entity\nwhose taxable income, whether or not distributed, is includable in the\ntaxable income of the estate, trust, or a beneficiary.","path":["Estates, Powers \u0026 Trusts Law","Article 11-A. Uniform Principal and Income Act","Part 5. Allocation of Disbursements During Administration of Trust"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/11-A-5.6","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"e750ad2a479e2bf4bd7f59194bfbf234d653afef9029d95d206ce951ac3c7fd9","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-11-a-5.5","next":"us-ny/n.y.-estates-powers-trusts-law-11-a-6.1"},"notice":"GroundRules: Original legal text. Not legal advice."}