{"data":{"id":"us-ok/okla.-stat.-tit.-60-60-175.505","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 60, § 60-175.505","heading":"Income taxes","body":"INCOME TAXES\n\nA. A tax required to be paid by a trustee based on receipts\n\nallocated to income must be paid from income.\n\nB. A tax required to be paid by a trustee based on receipts\n\nallocated to principal must be paid from principal, even if the tax\n\nis called an income tax by the taxing authority.\n\nC. A tax required to be paid by a trustee on the trust's share\n\nof an entity's taxable income must be paid:\n\n1. From income to the extent that receipts from the entity are\n\nallocated only to income;\n\n2. From principal to the extent that receipts from the entity\n\nare allocated only to principal;\n\n3. Proportionately from principal and income to the extent that\n\nreceipts from the entity are allocated to both income and principal;\n\nand\n\n4. From principal to the extent that the tax exceeds the total\n\nreceipts from the entity.\n\nD. After applying subsections A through C of this section, the\n\ntrustee shall adjust income or principal receipts to the extent that\n\nthe trust’s taxes are reduced because the trust receives a deduction\n\nfor payments made to a beneficiary.","path":["OK Code","Title 60"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os60.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"9c327b8ee0d31b1775f4ebecfaf0d58beda7bf7b09a0e86b53462c0e794f1f39","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-60-60-175.504","next":"us-ok/okla.-stat.-tit.-60-60-175.506"},"notice":"GroundRules: Original legal text. Not legal advice."}