26 CFR § 1.662(c)-3

26 CFR · Internal Revenue

§ 1.662(c)-3 — Termination of existence of other beneficiaries.

eCFR · current through Aug 10, 2026

§ 1.662(c)-3 Termination of existence of other beneficiaries.
If the existence of a beneficiary which is not an individual terminates, the amount to be included under section 662(a) in its gross income for the last taxable year is computed with reference to §§ 1.662(c)-1 and 1.662(c)-2 as if the beneficiary were a deceased individual, except that income required to be distributed prior to the termination but actually distributed to the beneficiary's successor in interest is included in the beneficiary's income for its last taxable year.

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§ 1.662(c)-3 Termination of existence of other beneficiaries.

If the existence of a beneficiary which is not an individual terminates, the amount to be included under section 662(a) in its gross income for the last taxable year is computed with reference to §§ 1.662(c)-1 and 1.662(c)-2 as if the beneficiary were a deceased individual, except that income required to be distributed prior to the termination but actually distributed to the beneficiary's successor in interest is included in the beneficiary's income for its last taxable year.

26 C.F.R. § 1.662(c)-3 (Termination of existence of other beneficiaries.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.