1. LawStack
  2. Title 26 - Internal Revenue
  3. Subchapter A - INCOME TAX
  4. Part 1 - INCOME TAXES
  5. Supertopic - ESTATES, TRUSTS, BENEFICIARIES, AND DECEDENTS
  6. Topic - treatment of excess distributions of trusts applicable to taxable years beginning before january 1, 1969
  7. 26 CFR § 1.665(b)-3
26 CFR § 1.665(b)-3
Exclusions under section 663(a)(1)
June 25, 2020
CFR

Subpart D (section 665 and following), part I, subchapter J, chapter 1 of the Code, has no application to an amount which qualifies as an exclusion under section 663(a)(1), relating to gifts, bequests, etc.

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§ 1.665(b)-2 Exclusions from accumulation distributions in the case of trusts (other than a foreign trust created by a U.S. person)
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§ 1.665(c)-1 Accumulation distributions of certain foreign trusts; in general

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