[Code of Federal Regulations]
[Title 26, Volume 8]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.642(a)(2)-1]

[Page 19]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.642(a)(2)-1  Foreign taxes.

    An estate or trust is allowed the credit against tax for taxes 
imposed by foreign countries and possessions of the United States to the 
extent allowed by section 901 only for so much of those taxes as are not 
properly allocable under that section to the beneficiaries. See section 
901(b)(4). For purposes of section 901(b)(4), the term beneficiaries 
includes charitable beneficiaries.