26 C.F.R. § 1.641(c)-0

Current through September 30, 2024

Section 1.641(c)-0 - Table of contents

This section lists the major captions contained in § 1.641(c)-1 .

§ 1.641(c)-1 Electing small business trust.

(a) In general.

(b) Definitions.

(1) Grantor portion.

(2) S portion.

(3) Non-S portion.

(c) Taxation of grantor portion.

(d) Taxation of S portion.

(1) In general.

(2) Section 1366 amounts.

(3) Gains and losses on disposition of S stock.

(4) State and local income taxes and administrative expenses.

(e) Tax rates and exemption of S portion.

(1) Income tax rate.

(2) Alternative minimum tax exemption.

(f) Adjustments to basis of stock in the S portion under section 1367.

(g) Taxation of non-S portion.

(1) In general.

(2) Dividend income under section 1368(c)(2).

(3) Interest on installment obligations.

(4) Charitable deduction.

(h) Allocation of state and local income taxes and administration expenses.

(i) Treatment of distributions from the trust.

(j) Termination or revocation of ESBT election.

(k) Effective date.

(l) Examples.

26 C.F.R. §1.641(c)-0

T.D. 8994, 67 FR 34394, May 14, 2002