[Code of Federal Regulations]
[Title 26, Volume 1]
[Revised as of April 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.34-4]

[Page 106]
 
                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY
 
PART 1--INCOME TAXES--Table of Contents
 
Sec. 1.34-4  Taxpayers not entitled to credit and exclusion.

    (a) The credit or exclusion is not available to nonresident aliens 
with respect to whom a tax is imposed for the taxable year under section 
871(a). If the taxpayer elects under section 6014 to have the Government 
compute his tax, the credit is not taken into account in such 
computation although the taxpayer is allowed the exclusion under section 
116.
    (b) For treatment of dividends received by estates or trusts, and 
the allocation of such dividends between an estate or trust and the 
beneficiary thereof, see sections 642, 652, and 662 and the regulations 
thereunder. 3
    (c) For treatment of dividends received by a partnership see section 
702 and the regulations thereunder.
    (d) For treatment of dividends received by a common trust fund, see 
section 584 and the regulations thereunder.