26 C.F.R. § 1.642(a)(3)-1 Dividends received by an estate or trust.
Title 26 - Internal Revenue
An estate or trust is allowed a credit against the tax for dividends received on or before December 31, 1964 (see section 34), only for so much of the dividends as are not properly allocable to any beneficiary under section 652 or 662. Section 642(a)(3), and this section do not apply to amounts received as dividends after December 31, 1964. For treatment of the credit in the hands of the beneficiary see §1.652(b)–1. [T.D. 6777, 29 FR 17808, Dec. 16, 1964]
Title 26: Internal Revenue
PART 1—INCOME TAXES
Estates, Trusts, and Beneficiaries
§ 1.642(a)(3)-1 Dividends received by an estate or trust.
