If a trustee determines that an allocation between principal and income required by section 68-10-409 , 68-10-410 , 68-10-411 , 68-10-412 or 68-10-415 , Idaho Code, is insubstantial, the trustee may allocate the entire amount to principal unless one (1) of the circumstances described in section 68-10-104 (c), Idaho Code, applies to the allocation. This power may be exercised by a cotrustee in the circumstances described in section 68-10-104 (d), Idaho Code, and may be released for the reasons and in the manner described in section 68-10-104 (e), Idaho Code. An allocation is presumed to be insubstantial if: (1) The amount of the allocation would increase or decrease net income in an accounting period, as determined before the allocation, by less than ten percent (10%); or (2) The value of the asset producing the receipt for which the allocation would be made is less than ten percent (10%) of the total value of the trust's assets at the beginning of the accounting period.
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