A trustee may make adjustments between principal and income to offset the shifting of economic interests or tax benefits between income beneficiaries and remainder beneficiaries which arise from any of the following: (1) An election or decision which the trustee makes regarding tax matters. (2) An income tax or any other tax which is imposed upon the trustee or a beneficiary as a result of a transaction involving the trust or distribution from the trust. (3) The ownership by a trust of an interest in an entity the taxable income of which, whether or not distributed, is includable in the taxable income of the trust or a beneficiary. SUBCHAPTERS F and G (Reserved) SUBCHAPTER H MISCELLANEOUS PROVISIONS Sec. 8191. Uniformity of application and construction.
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