Section 738.310 - [Effective 1/1/2025] Other rulesFollowing the conversion of an income trust to a unitrust, the trustee shall consider the unitrust amount as paid from the following sources, which are listed in order of priority:
(1) Net accounting income determined under this chapter as if the trust were not a unitrust;(2) Ordinary income not allocable to net accounting income;(3) Net realized short-term capital gains;(4) Net realized long-term capital gains; and(5) The principal of the trust.Added by 2024 Fla. Laws, ch. 216,s 19, eff. 1/1/2025.