Reg. § 1.663(a)-2 Charitable, etc., distributions.
Any amount paid, permanently set aside, or to be used for the charitable, etc., purposes specified in section and which is allowable as a deduction under that section is not allowed as a deduction to an estate or trust under section or treated as an amount distributed for purposes of determining the amounts includible in gross income of beneficiaries under section . Amounts paid, permanently set aside, or to be used for charitable, etc., purposes are deductible by estates or trusts only as provided in section . For purposes of this section, the deduction provided in section is computed without regard to the provisions of section , section , or section (concerning unrelated business income and private foundations).
[T.D. 6500, 25 FR 11814, Nov. 26, 1960, as amended by T.D. 7428, 41 FR 34627, Aug. 16, 1976]