treatment of excess distributions of trusts applicable to taxable years beginning before january 1, 1969

§ 1.665(b)-3 Exclusions under section 663(a)(1).

26 C.F.R. Part 1 — Income Taxes · 2026 edition · updated 2026-10-04 · United States

Subpart D (section 665 and following), part I, subchapter J, chapter 1 of the Code, has no application to an amount which qualifies as an exclusion under section 663(a)(1), relating to gifts, bequests, etc.

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▸Contents — 26 C.F.R. Part 1 — Income Taxes

26 C.F.R. Part 1 — Income Taxes

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