Trusts 

Alaska Statutes > Title 13 > Chapter 13.38 > § 13.38.740 - Derivatives and options

     (a) Expenses that would be deducted from income if the trust were not a unitrust may not be deducted from the unitrust distribution.

     (b) Unless otherwise provided by the governing instrument, a unitrust distribution shall be considered to have been paid from net income as net income would be determined if the trust were not a unitrust. To the extent net income is insufficient, the unitrust distribution shall be considered to have been paid from net realized short-term capital gains. To the extent income and net realized short-term capital gains are insufficient, the unitrust distribution shall be considered to have been paid from net realized long-term capital gains. To the extent income and net realized short-term and long-term capital gains are insufficient, the unitrust distribution shall be paid from the principal of the trust.

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