Nevada Code § 164.845

Allocation of receipts from rental property to income; treatment of refundable deposit
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To the
extent that a trustee accounts for receipts from rental property pursuant to
this section, the trustee shall allocate to income an amount received as rent
of real or personal property, including an amount received for cancellation or
renewal of a lease. An amount received as a refundable deposit, including a
security deposit or a deposit that is to be applied as rent for future periods,
must be added to principal and held subject to the terms of the lease and is
not available for distribution to a beneficiary until the trustees contractual
obligations have been satisfied with respect to that amount.

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