{"data":{"id":"us-va/va.-code-64.2-1049","jurisdiction":"us-va","citation":"Va. Code § 64.2-1049","heading":"Distribution from trust or estate","body":"A fiduciary shall allocate to income an amount received as a distribution of income, including a unitrust distribution under Article 3 (§ 64.2-1039 et seq.), from a trust or estate in which the fiduciary has an interest, other than an interest the fiduciary purchased in a trust that is an investment entity, and shall allocate to principal an amount received as a distribution of principal from the trust or estate. If a fiduciary purchases, or receives from a settlor, an interest in a trust that is an investment entity, § 64.2-1048, 64.2-1062, or 64.2-1063 applies to a receipt from the trust.2022, c. 354.","path":["Title 64.2. Wills, Trusts, and Fiduciaries","Subtitle III. Trusts","Chapter 10.1. Uniform Fiduciary Income And Principal Act","Article 4. Allocation of Receipts: Receipts from Entity"],"source_url":"https://law.lis.virginia.gov/vacode/64.2-1049/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:18:14Z","sha256":"acda7d3781c16b8dada9059fd5e670f1787823f046f60de4ea7b894a29ff29bd","source_id":"us-va","stale":true,"prev":"us-va/va.-code-64.2-1048","next":"us-va/va.-code-64.2-1050"},"notice":"GroundRules: Original legal text. Not legal advice."}