Reg. § 1.668(a)-3A Determination of tax.

26 CFR § 1.668(a)-3AeCFR, current through 2026-07-14

In a taxable year in which an amount is included in a beneficiary's income under , the tax on the beneficiary for such taxable year is determined only as provided in section and consists of the sum of:

(a) A partial tax computed on

(1) the beneficiary's taxable income reduced by

(2) an amount equal to the total amounts includible in his income under , at the rate and in the manner as if section had not been enacted,

(b) A partial tax determined as provided in , and

(c) In the case of a beneficiary of a trust which is not required to distribute all of its income currently, a partial tax determined as provided in .

[T.D. 7204, 37 FR 17148, Aug. 25, 1972]