26 CFR · Internal Revenue
§ 1.662(b)-1 — Character of amounts; when no charitable contributions are made.
26 CFR § 1.662(b)-1
This text of 26 C.F.R. § 1.662(b)-1 (Character of amounts; when no charitable contributions are made.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
26 C.F.R. § 1.662(b)-1 (2026).
Text
§ 1.662(b)-1 Character of amounts; when no charitable contributions are made.
In determining the amount includible in the gross income of a beneficiary, the amounts which are determined under section 662(a) and §§ 1.662(a)-1 through 1.662(a)-4 shall have the same character in the hands of the beneficiary as in the hands of the estate or trust. The amounts are treated as consisting of the same proportion of each class of items entering into the computation of distributable net income as the total of each class bears to the total distributable net income of the estate or trust unless the terms of the governing instrument specifically allocate different classes of income to different beneficiaries, or unless local law requires such an allocation. For this purpose, the principles contained in
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Nearby Sections
11
§ 1.661(c)-2
Illustration of the provisions of section 661.§ 1.662(a)-1
Inclusion of amounts in gross income of beneficiaries of estates and complex trusts; general.§ 1.662(a)-2
Currently distributable income.§ 1.662(a)-3
Other amounts distributed.§ 1.662(a)-4
Amounts used in discharge of a legal obligation.§ 1.662(c)-1
Different taxable years.§ 1.662(c)-2
Death of individual beneficiary.§ 1.662(c)-3
Termination of existence of other beneficiaries.Cite This Page — Counsel Stack
Bluebook (online)
26 C.F.R. § 1.662(b)-1, Counsel Stack Legal Research, https://law.counselstack.com/cfr/26/1/1.662(b)-1.