Colorado Revised Statutes Title 15. Probate, Trusts, and Fiduciaries § 15-1.2-309. Special tax benefits--rules

(a) Provide methods and standards for:

(b) Specify sources and the order of sources, including categories of income for federal income tax purposes, from which distributions of a unitrust amount are paid;  or

(c) Provide other standards and rules the fiduciary determines serve the interests of the beneficiaries.

(a) The unitrust rate established under section 15-1.2-306 may not be less than three percent or more than five percent;

(b) The only provisions of section 15-1.2-307 which apply are section 15-1.2-307(1), (2)(a), (2)(d), (2)(e)(I), and (2)(i);

(c) The only period that may be used under section 15-1.2-308 is a calendar year under section 15-1.2-308(1)(a);  and

(d) The only other provisions of section 15-1.2-308 which apply are section 15-1.2-308(2)(b)(I) and (2)(c).

(a) Net income determined as if the trust was not a unitrust;

(b) Other ordinary income as determined for federal income tax purposes;

(c) Net realized short-term capital gains as determined for federal income tax purposes;

(d) Net realized long-term capital gains as determined for federal income tax purposes;

(e) Trust principal comprising assets for which there is a readily available market value;  and

(f) Other trust principal.