Internal Revenue Code · 26 U.S.C.
§ 651. Deduction for trusts distributing current income only
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 651
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Length
- 2 subsections · 190 words · about 1 min to read
- Cross-references
- cites 1; cited by 6 Code sections and 24 other regulations
- Regulations
- 6 issued under this section
If the amount of income required to be distributed currently exceeds the distributable net income of the trust for the taxable year, the deduction shall be limited to the amount of the distributable net income. For this purpose, the computation of distributable net income shall not include items of income which are not included in the gross income of the trust and the deductions allocable thereto.
(Aug. 16, 1954, ch. 736, 68A Stat. 219.)
Regulations under this section
Treasury regulations (26 CFR) issued under § 651
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Cited by 6 Code sections
- § 67(e)(2) 2-percent floor on miscellaneous itemized deductions
- § 642(i)(2) Special rules for credits and deductions
- § 643(a)(1) Definitions applicable to subparts A, B, C, and D
- § 646(g) Tax treatment of electing Alaska Native Settlement Trusts
- § 652(a) Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only
- § 663(a)(3) Special rules applicable to sections 661 and 662
Cited in 24 regulations not issued under it
- § 1.59A-3 Base erosion payments and base erosion tax benefits.
- § 1.67-4 Costs paid or incurred by estates or non-grantor trusts.
- § 1.199A-6 Relevant passthrough entities (RPEs), publicly traded partnerships (PTPs), trusts, and estates.
- § 1.469-11 Applicability date and transition rules.
- § 1.641(b)-1 Computation and payment of tax; deductions and credits of estates and trusts.
- § 1.641(c)-1 Electing small business trust.
- § 1.642(d)-1 Net operating loss deduction.
- § 1.642(i)-1 Certain distributions by cemetery perpetual care funds.
- § 1.643(a)-1 Deduction for distributions.
- § 1.643(a)-4 Extraordinary dividends and taxable stock dividends.
- § 1.643(b)-1 Definition of income.
- § 1.652(c)-4 Illustration of the provisions of sections 651 and 652.
- § 1.663(a)-3 Denial of double deduction.
- § 1.665(e)-1 Preceding taxable year.
- § 1.665(a)-0A Excess distributions by trusts; scope of subpart D.
- § 1.691(c)-2 Estates and trusts.
- § 1.1251-3 Definitions relating to section 1251.
- § 1.1312-5 Correlative deductions and inclusions for trusts or estates and legatees, beneficiaries, or heirs.
- § 1.1411-3 Application to estates and trusts.
- § 1.1441-1 Requirement for the deduction and withholding of tax on payments to foreign persons.
- § 1.1441-5 Withholding on payments to partnerships, trusts, and estates.
- § 1.1446-3 Time and manner of calculating and paying over the 1446 tax.
- § 1.1471-1 Scope of chapter 4 and definitions.
- § 301.9100-7T Time and manner of making certain elections under the Tax Reform Act of 1986.
Where it sits in the Code
- Subtitle A Income Taxes
- Chapter 1 NORMAL TAXES AND SURTAXES
- Subchapter J Estates, Trusts, Beneficiaries, and Decedents
- Part I ESTATES, TRUSTS, AND BENEFICIARIES
- Subpart B Trusts Which Distribute Current Income Only
Nearby sections
- § 651 Deduction for trusts distributing current income only
- § 652 Inclusion of amounts in gross income of beneficiaries of trusts distributing current income only