Tex. Prop. Code § 116.152
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A trustee shall allocate to income an amount received as a distribution of income from a trust or an estate in which the trust has an interest other than a purchased interest, and shall allocate to principal an amount received as a distribution of principal from such a trust or estate. If a trustee purchases an interest in a trust that is an investment entity, or a decedent or donor transfers an interest in such a trust to a trustee, Section 116.151 or 116.178 applies to a receipt from the trust.
Tex. Prop. Code § 116.152