Skip to content
ChatProjectCodes

Exempt Organizations Technical Guide›TG 57: Taxes on Net Investment Income – IRC Section 4940›Table of Contents

A.4. Qualifying Distribution

0824 Publ 5580 (PDF) · 2026-10-03 edition · updated 2026-10-04 · United States

(1) The term "qualifying distribution" has the meaning given such term by Section

4942(g). For any base period year in which the Section 4940 tax was reduced under the provisions of Section 4940(e), the amount of qualifying distributions to be taken into consideration for that base period year must be reduced by the amount of the tax reduction for that year.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — 0824 Publ 5580 (PDF)
0824 Publ 5580 (PDF)

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.