26 CFR 1.662(b)-1
§ 1.662(b)-1 Character of amounts; when no charitable contributions are made.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.662(b)-1, § 1.662(b)-1 Character of amounts; when no charitable contributions are made, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110635
- Permanent ID
ys:prov:110635@1- SHA-256
256b6f142eb53f71f28d8fdc8ef1720208bf6ad67d7420ec28b3ff0d87ef6b4f
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Full text
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 § 1.652(b)-1 shall apply.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.