26 C.F.R. § 1.652(c)-3 Termination of existence of other beneficiaries.
Title 26 - Internal Revenue
If the existence of a beneficiary which is not an individual terminates, the amount to be included under section 652(a) in its gross income for its last taxable year is computed with reference to §§1.652(c)–1 and 1.652(c)–2 as if the beneficiary were a deceased individual, except that income required to be distributed prior to the termination but actually distributed to the beneficiary's successor in interest is included in the beneficiary's income for its last taxable year.
Title 26: Internal Revenue
PART 1—INCOME TAXES
trusts which distribute current income only
§ 1.652(c)-3 Termination of existence of other beneficiaries.
