Implements § 642Open in workspace
Reg. § 1.642(e)-1 Depreciation and depletion.
26 CFR § 1.642(e)-1eCFR, current through 2026-07-14
An estate or trust is allowed the deductions for depreciation and depletion, but only to the extent the deductions are not apportioned to beneficiaries under sections and . For purposes of sections and , the term beneficiaries includes charitable beneficiaries. See the regulations under those sections.
[T.D. 6712, 29 FR 3655, Mar. 24, 1964]