§651. Deduction for trusts distributing current income only — Inbound Citations

Citations to 26 U.S.C. § 651 as a whole

• 26 U.S.C. § 67(e)(2)

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  (2) the deductions allowable under sections 642(b), 651, and 661,
• 26 U.S.C. § 642(i)

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  (i) In the case of a cemetery perpetual care fund which—

  (1) was created pursuant to local law by a taxable cemetery corporation for the care and maintenance of cemetery property, and

  (2) is treated for the taxable year as a trust for purposes of this subchapter,

  any amount distributed by such fund for the care and maintenance of gravesites which have been purchased from the cemetery corporation before the beginning of the taxable year of the trust and with respect to which there is an obligation to furnish care and maintenance shall be considered to be a distribution solely for purposes of sections 651 and 661, but only to the extent that the aggregate amount so distributed during the taxable year does not exceed $5 multiplied by the aggregate number of such gravesites.
• 26 U.S.C. § 643(a)(1)

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  (1) No deduction shall be taken under sections 651 and 661 (relating to additional deductions).
• 26 U.S.C. § 646(g)

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  (g) For purposes of this title, the taxable income of an electing Settlement Trust shall be determined under section 641(b) without regard to any deduction under section 651 or 661.
• 26 U.S.C. § 652(a)

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  (a) Subject to subsection (b), the amount of income for the taxable year required to be distributed currently by a trust described in section 651 shall be included in the gross income of the beneficiaries to whom the income is required to be distributed, whether distributed or not. If such amount exceeds the distributable net income, there shall be included in the gross income of each beneficiary an amount which bears the same ratio to distributable net income as the amount of income required to be distributed to such beneficiary bears to the amount of income required to be distributed to all beneficiaries.
• 26 U.S.C. § 663(a)(3)

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  (3) Any amount paid, credited, or distributed in the taxable year, if section 651 or section 661 applied to such amount for a preceding taxable year of an estate or trust because credited or required to be distributed in such preceding taxable year.