26 CFR 1.643(a)-4
§ 1.643(a)-4 Extraordinary dividends and taxable stock dividends.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.643(a)-4, § 1.643(a)-4 Extraordinary dividends and taxable stock dividends, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110596
- Permanent ID
ys:prov:110596@1- SHA-256
950048ea0e541b1b1b68cf8f55fd2698927b07fb36015fa9832aa31c94049209
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Full text
In the case solely of a trust which qualifies under subpart B (section 651 and following) as a “simple trust,” there are excluded from distributable net income extraordinary dividends (whether paid in cash or in kind) or taxable stock dividends which are not distributed or credited to a beneficiary because the fiduciary in good faith determines that under the terms of the governing instrument and applicable local law such dividends are allocable to corpus. See section 665(e), paragraph (b) of § 1.665(e)-1, and paragraph (b) of § 1.665(e)-1A for the treatment of such dividends upon subsequent distribution.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.