Collapse to view only § 651. Deduction for trusts distributing current income only
- § 651. Deduction for trusts distributing current income only
- § 652. Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only
§ 651. Deduction for trusts distributing current income only
(a) Deduction
In the case of any trust the terms of which—
(1) provide that all of its income is required to be distributed currently, and
(2) do not provide that any amounts are to be paid, permanently set aside, or used for the purposes specified in section 642(c) (relating to deduction for charitable, etc., purposes),
(b) Limitation on deduction
(Aug. 16, 1954, ch. 736, 68A Stat. 219.)
§ 652. Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only
(a) Inclusion
(b) Character of amounts
(c) Different taxable years
(Aug. 16, 1954, ch. 736, 68A Stat. 219; Pub. L. 94–455, title XIX, § 1906(b)(13)(A), Oct. 4, 1976, 90 Stat. 1834.)