26 CFR 1.642(h)-4
§ 1.642(h)-4 Allocation.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.642(h)-4, § 1.642(h)-4 Allocation, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110588
- Permanent ID
ys:prov:110588@1- SHA-256
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Full text
The carryovers and excess deductions to which section 642(h) applies are allocated among the beneficiaries succeeding to the property of an estate or trust (see § 1.642(h)-3) proportionately according to the share of each in the burden of the loss or deductions. A person who qualified as a beneficiary succeeding to the property of an estate or trust with respect to one amount and does not qualify with respect to another amount is a beneficiary succeeding to the property of the estate or trust as to the amount with respect to which he qualifies. The application of this section may be illustrated by the following example:
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.