Nevada § 163.610 - Trustee authorized to include certain capital gains in distributable net income in certain circumstances
Full text of Nevada Nevada Revised Statutes § 163.610 — Trustee authorized to include certain capital gains in distributable net income in certain circumstances, with citation guidance and answers to common questions.
§ 163.610. Trustee authorized to include certain capital gains in distributable net income in certain circumstances
Unless otherwise provided by the trust instrument, a trustee may include capital gains
from the sale or exchange of capital assets in distributable net income to the extent
the gains are, in a reasonable and impartial exercise of discretion by the trustee,
allocated to: 1. Income pursuant to the power of the trustee to adjust between principal and income
pursuant to NRS 164.795 ; 2. Principal and treated consistently by the trustee in the books, records and tax
returns of the trust as part of the distribution to a beneficiary; or 3. Principal but distributed to a beneficiary or utilized by the trustee in determining
the amount that is distributed or required to be distributed to a beneficiary.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 163.610
What does Nevada Revised Statutes § 163.610 cover?
Section 163.610 ("Trustee authorized to include certain capital gains in distributable net income in certain circumstances") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 163.610?
A common citation format is "Nevada Revised Statutes § 163.610" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 163.610 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.