26 CFR 1.642(a)(2)-1
§ 1.642(a)(2)-1 Foreign taxes.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.642(a)(2)-1, § 1.642(a)(2)-1 Foreign taxes, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110567
- Permanent ID
ys:prov:110567@1- SHA-256
3ae450e0b1987b1f6fb4ffb84e5d62bdb8aa79a0678ca06eca2e42bd90371a1c
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Full text
An estate or trust is allowed the credit against tax for taxes imposed by foreign countries and possessions of the United States to the extent allowed by section 901 only for so much of those taxes as are not properly allocable under that section to the beneficiaries. See section 901(b)(4). For purposes of section 901(b)(4), the term beneficiaries includes charitable beneficiaries.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.