Treasury Regulations, Subchapter A, Sec. 1.642(a)(3)-1
From TaxAlmanac, A Free Online Resource
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Sec. 1.642(a)(3)-1 Dividends received by an estate or trust
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]
