26 CFR 1.666(c)-2A
§ 1.666(c)-2A Illustration of the provisions of section 666 (a), (b), and (c).
United States · 26 CFR — Internal Revenue · Status: effective
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- Citation
- 26 CFR 1.666(c)-2A, § 1.666(c)-2A Illustration of the provisions of section 666 (a), (b), and (c), United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110669
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Full text
The application of the provisions of §§ 1.666(a)-1A, 1.666(b)-1A, and 1.666(c)-1A may be illustrated by the following examples:
For 1974 through 1978, the undistributed portion of distributable net income, taxes imposed on the trust attributable to the undistributed net income, and undistributed net income are as follows:
The trust has no undistributed capital gain.
(c) In allocating the accumulation distribution for 1980, the amount of undistributed net income for 1974 will reflect the accumulation distribution for 1979. The undistributed net income for 1974 will then be $1,700 and the taxes imposed on the trust for 1974 will be $664, determined as follows:
(b) The undistributed net income of the trust determined under section 665(a) as of the close of 1974, is $12,840, computed as follows:
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.