26 USC 651 - Deduction for trusts distributing current income only

U.S Code last checked for updates: Jan 18, 2025

§ 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.)

cite as: 26 USC 651