{"data":{"id":"us-wa/rcw-11.104b.420","jurisdiction":"us-wa","citation":"RCW 11.104B.420","heading":"Disbursements—Transfer from income to principal for depreciation.","body":"(1) In this section, \"depreciation\" means a reduction in value due to wear, tear, decay, corrosion, or gradual obsolescence of a tangible asset having a useful life of more than one year.\n(2) 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 the part of real property used or available for use by a beneficiary as a residence;\n(b) Of tangible personal property held or made available for the personal use or enjoyment of a beneficiary; or\n(c) Under this section, to the extent the fiduciary accounts:\n(i) Under RCW 11.104B.290 for the asset; or\n(ii) Under RCW 11.104B.220 for the business or other activity in which the asset is used.\n(3) An amount transferred to principal under this section need not be separately held.","path":["Title 11","Chapter 11.104B"],"source_url":"https://app.leg.wa.gov/rcw/default.aspx?cite=11.104B.420","current_through":"July 15, 2026","vintage":"","retrieved_at":"2026-09-06T01:00:25Z","sha256":"88f54ca89445577e737338a3b21e1f6f6cb93db6741dce80907e38254053ab5a","source_id":"us-wa","stale":false,"prev":"us-wa/rcw-11.104b.410","next":"us-wa/rcw-11.104b.430"},"notice":"GroundRules: Original legal text. Not legal advice."}