11.104B.280 – Receipts normally apportioned—Deferred compensation, annuities, and similar payments.
RCW 11.104B.280 Receipts normally apportioned—Deferred compensation, annuities, and similar payments. (1) The definitions in this subsection apply throughout this section unless the context clearly requires otherwise. (a) “Internal income of a separate fund” means the amount determined under subsection (2) of this section. (b) “Marital trust” means a trust: (i) Of which the settlor’s surviving […]
11.104B.290 – Receipts normally apportioned—Liquidating assets.
RCW 11.104B.290 Receipts normally apportioned—Liquidating assets. (1) In this section, “liquidating asset” means an asset whose value will diminish or terminate because the asset is expected to produce receipts for a limited time. The term includes a leasehold, patent, copyright, royalty right, and right to receive payments during a period of more than one year […]
11.104B.300 – Receipts normally apportioned—Minerals, water, and other natural resources.
RCW 11.104B.300 Receipts normally apportioned—Minerals, water, and other natural resources. (1) To the extent a fiduciary accounts for a receipt from an interest in minerals, water, or other natural resources pursuant to this section, the fiduciary shall allocate the receipt: (a) If received as nominal delay rental or nominal annual rent on a lease, a […]
11.104B.310 – Receipts normally apportioned—Timber.
RCW 11.104B.310 Receipts normally apportioned—Timber. (1) To the extent a fiduciary does not account for receipts from the sale of timber and related products as a business under RCW 11.104B.220, the fiduciary shall allocate the net receipts: (a) To income, to the extent the amount of timber cut from the land does not exceed the […]
11.104B.320 – Receipts normally apportioned—Marital deduction property not productive of income.
RCW 11.104B.320 Receipts normally apportioned—Marital deduction property not productive of income. (1) If a trust received property for which a gift or estate tax marital deduction was allowed and the settlor’s spouse holds a mandatory income interest in the trust, the spouse may require the trustee, to the extent the trust assets otherwise do not […]
11.104B.330 – Receipts normally apportioned—Derivatives and options.
RCW 11.104B.330 Receipts normally apportioned—Derivatives and options. (1) In this section, “derivative” means a contract, instrument, other arrangement, or combination of contracts, instruments, or other arrangements, the value, rights, and obligations of which are, in whole or in part, dependent on or derived from an underlying tangible or intangible asset, group of tangible or intangible […]
11.104B.340 – Receipts normally apportioned—Asset-backed securities.
RCW 11.104B.340 Receipts normally apportioned—Asset-backed securities. (1) If a fiduciary receives a payment from interest or other current return and from other proceeds of the collateral financial assets, the fiduciary shall allocate to income the portion of the payment which the payer identifies as being from interest or other current return and shall allocate the […]
11.104B.350 – Receipts normally apportioned—Other financial instruments and arrangements.
RCW 11.104B.350 Receipts normally apportioned—Other financial instruments and arrangements. A fiduciary shall allocate receipts from or related to a financial instrument or arrangement not otherwise addressed by this chapter. The allocation must be consistent with RCW 11.104B.330 and 11.104B.340. [ 2021 c 140 § 2416.]
11.104B.250 – Receipts not normally apportioned—Receipt on obligation to be paid in money.
RCW 11.104B.250 Receipts not normally apportioned—Receipt on obligation to be paid in money. (1) This section does not apply to an obligation to which RCW 11.104B.280, 11.104B.290, 11.104B.300, 11.104B.310, 11.104B.330, 11.104B.340, or 11.104B.350 applies. (2) A fiduciary shall allocate to income, without provision for amortization of premium, an amount received as interest on an obligation […]
11.104B.150 – Unitrusts—Unitrust rates.
RCW 11.104B.150 Unitrusts—Unitrust rates. (1) Except as otherwise provided in RCW 11.104B.180(2)(a), a unitrust rate may be: (a) A fixed unitrust rate; or (b) A unitrust rate that is determined for each period using: (i) A market index or other published data; or (ii) A mathematical blend of market indices or other published data over […]