{"data":{"id":"us-wi/wis.-stat.-701.1116","jurisdiction":"us-wi","citation":"Wis. Stat. § 701.1116","heading":"Distribution from trust or estate.","body":"A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, s. 701.1115 or 701.1129 applies to a receipt from the trust.","path":["Chs. 700-711, Property","Chapter 701 Trusts","SUBCHAPTER XI UNIFORM PRINCIPAL AND INCOME ACT"],"source_url":"https://docs.legis.wisconsin.gov/document/statutes/701.1116","current_through":"2023-24 Wisconsin Statutes updated through 2025 Wis. Act 247 (published 9-4-26)","vintage":"","retrieved_at":"2026-09-05T12:01:34Z","sha256":"aa92fadbec7566e9da3c0255f97d676dade3fa4beb2911d64baf709cae9624e7","source_id":"us-wi","stale":false,"prev":"us-wi/wis.-stat.-701.1115","next":"us-wi/wis.-stat.-701.1117"},"notice":"GroundRules: Original legal text. Not legal advice."}