A fiduciary 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:
Structure Mississippi Code
Chapter 17 - Mississippi Principal and Income Act of 2013
Article 5 - Allocation of Disbursements During Administration of Trust
§ 91-17-501. Disbursements from income
§ 91-17-502. Disbursements from principal
§ 91-17-503. Transfers from income to principal for depreciation
§ 91-17-504. Transfers from income to reimburse principal
§ 91-17-506. Adjustments between principal and income because of taxes