[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(e)-1]

[Page 47]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.642(e)-1  Depreciation and depletion.

    An estate or trust is allowed the deductions for depreciation and 
depletion, but only to the extent the deductions are not apportioned to 
beneficiaries under sections 167(h) and 611(b). For purposes of sections 
167(h) and 611(b), the term beneficiaries includes charitable 
beneficiaries. See the regulations under those sections.

[T.D. 6712, 29 FR 3655, Mar. 24, 1964]