Nevada § 164.920 - Payment of taxes required to be paid by trustee
Full text of Nevada Nevada Revised Statutes § 164.920 — Payment of taxes required to be paid by trustee, with citation guidance and answers to common questions.
§ 164.920. Payment of taxes required to be paid by trustee
1. A tax required to be paid by a trustee based on receipts allocated to income must
be paid from income. 2. A tax required to be paid by a trustee based on receipts allocated to principal
must be paid from principal, even if the tax is called an income tax by the taxing
authority. 3. A tax required to be paid by a trustee on the trust's share of an entity's taxable
income must be paid: (a) From income to the extent that receipts from the entity are allocated only to
income; (b) From principal to the extent that receipts from the entity are allocated only
to principal; (c) Proportionately from principal and income to the extent that receipts from the
entity are allocated to both income and principal; and (d) From principal to the extent that the tax exceeds the total receipts from the
entity. 4. After applying the provisions of subsections 1, 2 and 3, the trustee shall adjust
income or principal receipts to the extent that the taxes on the trust are reduced
because the trust receives a deduction for payments made to a beneficiary.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 164.920
What does Nevada Revised Statutes § 164.920 cover?
Section 164.920 ("Payment of taxes required to be paid by trustee") 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 § 164.920?
A common citation format is "Nevada Revised Statutes § 164.920" (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 § 164.920 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.